• Bloomberg


Japanese banks, including Mitsubishi UFJ Financial Group Inc., may face losses from their holdings of collateralized debt obligations and other asset-backed products, as risk aversion spreads from subprime mortgages.

“Direct exposure to subprime loans and mortgage lenders may be limited at Japanese banks,” said Takahiro Tazaki, head of structured credit research at Barclays Capital in Japan. “The bigger impact may come from price declines in a wider range of products, such as asset-backed bonds.”

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