• Compiled From Bloomberg, Kyodo

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Mitsubishi UFJ Financial Group Inc., Japan’s largest bank by market value, and trading house Mitsubishi Corp. said Thursday they will set up a ¥100 billion buyout fund as the nation’s private equity market withstands a global slowdown in deals.

“Together with Mitsubishi Corp., our brokerage and banking units, and management fund, we will establish a ¥100 billion fund,” said Tomohiro Kato, a spokesman for Tokyo-based Mitsubishi UFJ. The fund will target domestic companies, he said.

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