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Mitsubishi UFJ Financial Group Inc. is seeking to expand its workforce in Taiwan as it pursues business from companies benefiting from increasing trade between the island and mainland China.

“We need to be geographically close to our customers,” Tetsuo Tani, deputy head of planning for East Asia at Japan’s biggest bank, said in an interview in Tokyo last month. He aims to boost the company’s Taiwan head count by about 10 percent from 200 now as the bank adds a branch in the second-largest city of Kaohsiung.

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