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‘Idiosyncratic’ lender’s overexposure to office market is a reminder of possible risks in fragmented banking sector
Aozora hit by exposure to struggling US commercial property market but risk of similar losses at bigger banks is low
Lenders in US, Asia and Europe hit by exposure to sector struggling with lower occupancy and higher interest rates
Bank’s shares fall more than 20% after it warns more commercial property loans could turn sour
None of the top three ‘mega-banks’ has non-Japanese board members
International Edition