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. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

MUFG: Not just big in Japan

There will be risks as well as rewards on the hunt for growth

Being a big Japanese bank is a fairly miserable state of affairs, but at least MUFG has a plan for what to do about it.

All Japanese banks believe they have to look overseas for revenue in light of negative interest rates and dormant activity at home, but MUFG is leading the effort. Two stockpiles for foreign acquisition came to light during 2017. 

One is in the trust business, which is being revamped. It is transferring ¥12 trillion ($105 billion) of loans from 2,600 customers into MUFG’s broader lending unit, freeing capital for the trust bank to acquire overseas and transform itself into a leader in asset management and consulting. 

It is thought to have ¥1 trillion to spend and the unit’s chief executive, Mikio Ikegaya, was pretty unequivocal in July: “We’re going to make acquisitions on a scale we never have before.” It wants ¥100 trillion under management by 2020, up from ¥60 trillion now.

The other stockpile is in the main bank, where unit chief Kanetsugu Mike said in October that the bank is seeking acquisitions in Asia and the US. 

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.


Unlimited access to and

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


Unlimited access to and, 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


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