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Ex-MUFG CEO reveals background of investment in Morgan Stanley

Importance of Japan-US economic security serves as push: Hirano

Nobuyuki Hirano, a top Japanese banker of international caliber, revealed the whole picture behind MUFG's capital tie-up negotiations with Morgan Stanley and discussed the problems of and expectations for Japan's economy and financial sector, which are mired in a series of difficulties, describing his opinions as 'my last words'. (Source photos by Yoichi Iwata)

TOKYO -- Mitsubishi UFJ Financial Group invested $9 billion in Morgan Stanley amid the global financial crisis triggered by the collapse of Lehman Brothers in 2008, due to the importance of "economic security" between Japan and the U.S., former MUFG CEO Nobuyuki Hirano said.

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