Major Japanese banks are considering setting up an Y100 billion fund to help rehabilitate firms that have fallen on hard times, the Yomiuri Shimbun reported Wednesday.

Citing sources close to the matter, the paper said that the fund would include such banks as Mitsubishi UFJ Financial Group Inc. (8306.TO) and Sumitomo Mitsui Financial Group Inc. (8316.TO) as well as Deutsche Bank AG (DB).

-Tokyo Bureau, Dow Jones Newswires; +81-3-6269-2770

 
 
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