• Bloomberg


Sumitomo Mitsui Financial Group Inc.’s top executive said the bank needs to be cautious in its drive to boost lending in Asia, as a slowdown in China and the slump in commodity prices cloud the region’s economic outlook.

While President Koichi Miyata said he has no intention of changing his firm’s strategy of focusing on Asia, he expects it to be difficult to grow the bank’s Asian loan book for a while.

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