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Private banks get serious about Japan at opportune moment

iStock photo by Getty Images

Few Asian markets hold greater potential for private banks than Japan. And yet few places seem more impenetrable than the region’s second biggest economy. A bewildering tangle of regulations conspires with a risk-averse culture to keep nearly US$18 trillion of household assets beyond reach. The deflation of the last 20 years only exacerbated the temptation to stuff cash under tatami…

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