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Bloomberg Businessweek reported Mitsubishi UFJ Financial Group, Japan’s biggest lender, plans to increase loans to energy and utility industries in the U.S. to capitalize on a recovery in the world’s largest economy, President Nobuyuki Hirano said.
According to the report, Mitsubishi UFJ is stepping up acquisitions in the U.S. as a rebound in the housing market and increasing demand for its natural gas brighten growth prospects.
Read the full Bloomberg Businessweek article.