MUFG Bank to buy corporate inventory amid supply chain disruptions
New service aims to ease burden of companies carrying large stocks of goods
Japanese financial service provider MUFG will set up a new business that will buy physical inventory for clients, selling goods back to them as needed. (Source photos by Reuters and Nikkei)
TOKYO -- MUFG Bank, Japan's largest lender, is launching a new company that aims to reduce the financial burden of companies by temporarily buying their inventories, Nikkei has learned.
MUFG will set up a new wholly owned subsidiary called MUFG Trading to handle the business.
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