TOKYO - Sakura Bank Ltd., one of the top three Japanese commercial banks, said it would close seven local offices by merging them into others before the end of the fiscal year next March.

Sakura, the result of a 1990 merger of Mitsui Bank and Taiyo Kobe Bank, has 601 branches and business outlets as well as its headquarters, and 362 unstaffed, automated offices in Japan.

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