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Japan's MUFG Bank to set up $925m fund for overseas infrastructure

Largest such fund by Japanese bank will target transportation, renewable energy projects

MUFG Bank will set up a new investment fund by the end of 2019. (Nikkei Montage / Getty Images)

TOKYO -- Japan's MUFG Bank will set up a 100 billion yen ($924.4 million) fund -- the largest-ever such fund by a Japanese bank -- to invest in infrastructure projects overseas by the end of 2019.

The bank aims to capture demand for funding for overseas infrastructure development, which is expected to grow sharply, led by renewable energy and railroad projects.

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