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The days of aggressively buying Southeast Asian banks appear to be over for the nation’s biggest lender, which is now focusing on digital investment to reach new customers and streamline operations.

Mitsubishi UFJ Financial Group Inc. is seeking to spend money on startups like Grab Holdings Inc. rather than purchase more brick-and-mortar financial institutions, according to Chief Executive Officer Hironori Kamezawa. "We’re always looking for such opportunities” to invest in tech firms, he said in an interview.

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