MUFG ready to expand overseas

Bloomberg

Mitsubishi UFJ Financial Group Inc. would “seriously consider” acquisitions in Indonesia and the Philippines to expand its overseas business, Deputy President Masaaki Tanaka said.

There are “business growth opportunities” in those nations, although the lender isn’t in talks with any companies, Tanaka said in a interview Wednesday from Hong Kong, where he met investors this week. Mitsubishi UFJ would also target firms in the United States, he said, without elaborating.