SVB collapse hits Japanese banks harder than Chinese ones

SVB collapse hits Japanese banks harder than Chinese ones

FILE PHOTO: Destroyed SVB (Silicon Valley Bank) logo is seen in this illustration taken March 13, 2023. REUTERS/Dado Ruvic/Illustration

Recent turbulence in global markets has been hitting banks in Japan harder than those in China as investors punish lenders that have focused more on buying bonds than on making loans.

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