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Financials

Japan's antitrust watchdog urges banks to reconsider interbank transfer fees

TOKYO, April 21 (Reuters) - Japan’s Fair Trade Commission said on Tuesday domestic banks need to reconsider interbank transfer fees which are far higher than costs, adding the fees have not been changed for more than 40 years.

“The level of interbank transfer fees has been maintained and this current situation should be redressed,” the antitrust watchdog said in a statement.

Reporting by Takashi Umekawa; Editing by Christian Schmollinger

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