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Next chief pledges to make MUFG a nimble bank

Asia, digitalization and cost-cutting are key focuses of Japan's largest bank

Junichi Hanzawa, the incoming president of MUFG Bank, speaks at a news conference on Thursday. (Photo by Taro Yokozawa)

TOKYO -- The incoming president of MUFG Bank said Thursday he will make Japan's largest bank a nimble player that will stay ahead of the sweeping changes that are engulfing the banking industry.

"MUFG needs to reform its culture," said Junichi Hanzawa, managing executive officer, in a news conference.

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