The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
The Euromoney 25

MUFG: A strategic shift to digital

International business bails out the domestic struggle for MUFG.

Takayoshi-Futae-MUFG-780.jpg
Takayoshi Futae, CEO of the global commercial banking business unit and COO for international businesses at MUFG

In global terms, Japan has had a complicated pandemic.

It was one of the first countries to be hit, one of the first to recover, one of the nations that has faced the most waves, but one where culture has been particularly relevant.

On one hand, it has long been quite normal for people to wear face-masks in Japan; on the other, there are few societies where working from home is less accepted.

As Japan’s biggest and most systemically important bank, MUFG is a barometer for the impact of Covid on the country’s financial system. In April 2020, 70% of the bank’s Japanese staff worked from home, an unprecedented level. Today the figure is around 50%, compared with 80% to 90% of its staff in the US and Europe.

The

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree