TOKYO -- Japan's Mitsubishi UFJ Financial Group plans to raise return on equity to 12%, comparable with U.S. finance giants like Goldman Sachs, by boosting operating profit through investments and acquisitions in Asia, the bank's president told Nikkei.
Finance
Japan's MUFG eyes Asia and US acquisitions to achieve 12% ROE
Major bank looks to boost net operating profit by over $8bn
MUFG President Hironori Kamezawa said he wants 20% of the group's Asia revenue to come from digital investments in five years. (Photo by Nikkei)
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