The UFJ group, the nation's fourth-largest lender, will team up with financial services company Orix Corp., trading company Marubeni Corp. and others to set up a fund aimed at turning around small and medium-size firms, UFJ officials said Thursday.
This fund will be worth between 20 billion yen and 30 billion yen.
Orix, Marubeni and Nichimen Corp. will each invest 2 billion yen to establish Synergy Capital by the end of the month, with UFJ Bank and UFJ Tsubasa Securities Co. providing a further 2 billion yen between them.