• Kyodo, JIJI


The Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, is considering shrinking its domestic branch network by up to 20 percent to boost profitability, a source said Sunday.

As more of the nation’s lenders struggle under extremely low interest rates, the core unit of Mitsubishi UFJ Financial Group Inc. is aiming to trim its network of about 480 branches and streamline operations.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.