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Business / Tue, 02 Jun 2026 Nikkei Asia

Japan's local banks flee China for Singapore, India as supply chains shift

TOKYO -- Japan's regional banks are leaving China for Southeast Asia and India due to rising labor costs and the struggles of Japanese manufacturers, creating headwinds for the China strategies of Japan's suppliers and other regional companies.

TOKYO -- Japan's regional banks are leaving China for Southeast Asia and India due to rising labor costs and the struggles of Japanese manufacturers, creating headwinds for the China strategies of Japan's suppliers and other regional companies.

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