Tag - mufg



Japan's banks are benefiting from the Bank of Japan's policy shift and strong loan demand among their corporate clients.
BUSINESS / Companies
May 15, 2024
Japan’s biggest banks forecast record profits as rates rise
The banks are benefiting from an earnings boost following the Bank of Japan’s policy shift in March.
Signage for MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking in Tokyo. A coalition of climate groups filed shareholder proposals with the three banks calling for stricter board oversight of climate-related risks.
BUSINESS / Companies
Apr 15, 2024
Climate investors target board oversight of top Japan banks: sources
The proposal marks the first time climate groups have targeted bank boards as a way to pressure the lenders on climate change.
Mitsubishi UFJ Financial Group said it is already managing to enhance its tolerance to an anticipated rise in yen interest rates.
BUSINESS / Markets
Mar 6, 2024
Japan’s biggest bank readies for BOJ shift on rate policy within weeks
Hiroyuki Seki, head of global markets business at Mitsubishi UFJ Financial Group, predicts that the BOJ will raise rates not once but twice by October.
Teamshares, an American startup, is bringing its employee ownership succession model to Japan in its first overseas foray to offer employees path to buy small businesses.
BUSINESS / Companies
Feb 21, 2024
MUFJ-backed startup gives employees route to take over small firms
The Teamshares model could help 2.45 million small business owners who will be 70 or over by 2025, almost half of whom have yet to identify a successor.
Mitsubishi UFJ Morgan Stanley Securities sold Additional Tier 1 notes from Credit Suisse more aggressively than any other firm in Japan, with its sales making up about two-thirds of the notes taken up, which totaled ¥140 billion in value.
BUSINESS / Companies
Dec 26, 2023
MUFJ securities unit sued again over Credit Suisse AT1 bond losses
Mitsubishi UFJ Morgan Stanley Securities sold more than two-thirds of the Additional Tier 1 notes taken up in Japan.
Morgan Stanley MUFG Securities hopes to record its highest-ever income from Japan in the current fiscal year, and work together with Mitsubishi UFJ Morgan Stanley Securities to overtake Nomura Holdings as the top broker in the country.
BUSINESS / Companies
Dec 25, 2023
Morgan Stanley expects record Japan revenue as BOJ fuels trading
Shift in the nation's monetary policy could spur more client activity, says the CEO of Morgan Stanley MUFG Securities.
Mitsubishi UFJ Financial Group CEO Hironori Kamezawa
BUSINESS / Companies
Dec 22, 2023
Japan banks scramble to beef up asset management businesses
Asset management has emerged as an area of focus for the banks this year amid signs decades of deflation is ending.
Mitsubishi UFJ Trust and Banking is set to buy Australian data manager Link Administration Holdings for 1.11 billion Australian dollars.
BUSINESS / Companies
Dec 18, 2023
MUFG to buy Australia’s Link in ¥106 billion deal
The unit of Japan’s largest bank, Mitsubishi UFJ Financial Group, will pay AU$2.10 per share, a 23.5% premium to Friday’s closing stock price.
Mitsubishi UFJ, Japan's largest banking group, bought 75% of AlbaCore last month to diversify its range of investment capabilities.
BUSINESS / Economy
Dec 12, 2023
MUFG's AlbaCore sees potential for alternative investments in Japan
Mitsubishi UFJ bought 75% of AlbaCore last month to diversify the range of investment capabilities.
Mitsubishi UFJ Financial Group is exploring more investments in mid- and late-stage tech startups, seeing room for expansion into a field that historically was shunned by relatively conservative giant lenders.
BUSINESS / Companies
Nov 22, 2023
Top Japanese bank builds startup fund as policy push lures lenders
Mars Growth Capital, co-run by Mitsubishi UFJ Financial Group, now has around 40 to 50 potential investment deals for its recently launched equity fund.
Mitsubishi UFJ Financial Group announced a $2.6 billion share buyback program after fiscal second-quarter profit tripled.
Nov 14, 2023
Japan’s largest banks to buy back shares after profits soar
Japan’s biggest banks have unveiled plans to boost shareholder returns after posting record first-half profits, thanks in part to a cheaper yen.
Major banks are set to raise interest rates on time deposits amid a rise in long-term government bond yields.
BUSINESS / Companies
Nov 3, 2023
Major Japanese banks begin to raise time deposit rates
Deposit rates have been at extremely low levels for many years under the BOJ's massive monetary easing.
Notification of a system glitch is posted at MUFG Bank's Ueno branch in Tokyo's Taito Ward on Oct. 10.
BUSINESS / Companies
Oct 18, 2023
Compensation to be given over Japan payments clearing system glitch
Zengin-Net, the system’s operator, said member banks will reimburse customers for extra fees and penalties incurred.
The building that houses the Japanese Bankers Association in Tokyo
BUSINESS / Companies
Oct 12, 2023
Japan payment clearing network restored after two-day disruption
Over 5 million transactions were affected, with transfers via automated teller machines, online banking and bank counters all delayed.
A notification of a banking system glitch at an MUFG Bank's branch in Tokyo's Taito Ward on Wednesday.
Oct 11, 2023
Disruption of Japan's payments clearing network continues
The issue affecting 11 lenders, including MUFG Bank, has disrupted at least 1.4 million transactions.
An online banking system used by 11 banks including MUFG Bank and Resona Bank has been disrupted by a glitch, impacting transfers, the Japanese Bankers Association has said.
BUSINESS / Companies
Oct 10, 2023
Glitch at Japan's clearing system prevents transfers at 11 banks
It's not clear when it will be possible to restore the system, the Japanese Bankers Association has said.
Four major Japanese banks have announced they will raise their 10-year fixed housing loan rates for the third consecutive month in October.
Sep 30, 2023
Four major Japanese banks to raise housing loan rates in October
The hikes come as Japanese government bond yields rise after the Bank of Japan effectively raised its 10-year JGB yield cap to 1% from 0.5% in July.
MUFG Bank is aiming to foray into space by investing in startups.
BUSINESS / Companies
Sep 27, 2023
MUFG Bank among firms to lead $290 million Sierra Space fundraising
Sierra Space is among a handful of space industry players attempting to build a private space station.
Fumitaka Nakahama, Head of Mitsubishi UFJ Financial Group's global corporate and investment banking business, speaks in an interview in Tokyo on Sept. 7.
BUSINESS / Companies
Sep 13, 2023
MUFG battles private equity and startups to hire U.S. bankers
MUFG is plowing more resources into the American market in a bid to grow alongside established powerhouses.
Investors in Japan have filed a lawsuit against Mitsubishi UFJ Financial Group’s joint venture brokerage with Morgan Stanley, seeking to recover losses from Credit Suisse's riskiest debt.
BUSINESS / Markets
Sep 1, 2023
MUFG joint-venture brokerage sued over Credit Suisse AT1 sales
Investors are demanding ¥5.2 billion ($36 million) in compensation from Mitsubishi UFJ Morgan Stanley Securities.


Things may look perfect to the outside world, but today's mom is fine with some imperfection at home.
How 'Reiwa moms' are reshaping motherhood in Japan