• Kyodo

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The Bank of Tokyo-Mitsubishi UFJ said Deputy President Kanetsugu Mike will be promoted to president on June 14, replacing Takashi Oyamada who assumed the position just over a year ago.

Oyamada, 61, has been leading the bank, the core unit of the country’s largest banking group Mitsubishi UFJ Financial Group, since April last year but has tendered his resignation citing health reasons, the financial group said Wednesday.

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