A businessman looks at a screen displaying a photo of US dollar bank notes in Tokyo in 2013. Japanese banks have steadily expanded their US dollar loan books. Photo: Reuters 

Forget the Hong Kong dollar, it’s Japanese banks that may crack under US dollar funding strain 

Neal Kimberley says the aggressive expansion by Japanese banks of their US dollar loan books puts them in a vulnerable position as the cost of borrowing rises

Topic |   Macroscope

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A businessman looks at a screen displaying a photo of US dollar bank notes in Tokyo in 2013. Japanese banks have steadily expanded their US dollar loan books. Photo: Reuters 
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