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Mitsubishi UFJ Financial Group Inc. plans to increase loans to energy and utility industries in the U.S. to capitalize on a recovery there, President Nobuyuki Hirano said.

The bank, whose San Francisco-based UnionBanCal Corp. unit last week agreed to acquire $3.7 billion of U.S. property-loan assets from Deutsche Bank, is still looking to buy another lender in the country, Hirano, 61, said in an April 8 interview.

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