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TOKYO (Reuters) - Orix Corp (8591.T: Quote, Profile, Research, Stock Buzz), Japan's largest leasing company, and credit card firm Credit Saison (8253.T: Quote, Profile, Research, Stock Buzz) are in merger talks, financial sources said on Tuesday, in a further sign of consolidation in the country's hard-pressed consumer lending sector.
Combining the two would create a finance group with $106 billion in assets as Japan's financial sector battles tighter regulations in consumer lending and the global credit crunch, even as a slowing economy has hurt Orix's core lease business.
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