TOKYO -- Roughly a decade has passed since MUFG Bank, Japan's largest lender by assets, set its sights on ASEAN as a key growth driver.
"Our very initial stance on foreign expansion, including ASEAN, was to follow Japanese businesses like manufacturers and trading houses and support their overseas activities," Takeshi Asahi, managing director of the bank's planning division for global commercial banking, told Nikkei Asia. "But we started wondering if we could also capture the domestic demand that builds along with a country's economic growth."
