• Kyodo, JIJI

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The Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, is considering shrinking its domestic branch network by up to 20 percent to boost profitability, a source said Sunday.

As more of the nation’s lenders struggle under extremely low interest rates, the core unit of Mitsubishi UFJ Financial Group Inc. is aiming to trim its network of about 480 branches and streamline operations.

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