TOKYO -- Mitsubishi UFJ Financial Group, Japan's biggest banking group, faces the risk of a multibillion-dollar write-down on its controlling stake in an Indonesian lender whose share price plummeted in recent weeks.
Danamon's shares tanked after MSCI index removal

Bank Danamon's stock suffered from low liquidity after MUFG bought a 94% stake in the Indonesian lender. © Reuters
TOKYO -- Mitsubishi UFJ Financial Group, Japan's biggest banking group, faces the risk of a multibillion-dollar write-down on its controlling stake in an Indonesian lender whose share price plummeted in recent weeks.