Reaching out to serve a growing Japanese appetite for Western financial products, Citicorp plans to open an additional five to 10 branches in Japan over the next few years.

Michael S. Knapp, vice president and division head of Citicorp's consumer operation in Japan, said the branches would most likely be located in the Tokyo and Osaka regions. The U.S. bank already has 19 branches in Japan, where it runs a rapidly growing consumer banking business.

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