TOKYO -- Mitsubishi UFJ Financial Group is set to book about 360 billion yen ($3.34 billion) in losses in the just-ended fiscal year on stakes in Southeast Asian banks after the coronavirus pandemic battered stock markets.
Japan's biggest banking group announced Tuesday a 212.8 billion yen impairment loss on its investment in Indonesia's Bank Danamon, which MUFG turned into a subsidiary in April 2019.
