Japan looks for growth and influence from Islamic finance boom

March 31, 2015 9:00 PM

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SYDNEY, April 1 (Reuters) - Japan is the latest global financial hub to start making inroads into Islamic finance, a move that could help strengthen regional economic ties and give its lenders an edge in winning business in markets whose growth prospects far outpace their home turf.

Tokyo has long been a major provider of financial assistance for developing countries and its banks are active across Asia and the Middle East, but until now Islamic finance has played a minor role.

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