• Kyodo

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Mitsubishi UFJ Financial Group Inc. and Hitachi Ltd. said Friday they will form a capital and business alliance in financial services, with an eye to integrating their leasing companies in the future.

Japan’s largest lender hopes the alliance will help expand business in the area of financing infrastructure development because Hitachi has been actively involved in rail, electric power and other projects both at home and abroad. Hitachi is also aiming to streamline its operations under the alliance.

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