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Mitsubishi UFJ Plans to Boost U.S. Energy Industry Loans

April 15, 2013, 06:28 AM
Filed Under: Energy
Related: Energy, Japan, Mitsubishi

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.

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