When Mitsubishi UFJ Financial Group was created in the aftermath of Japan¡¯s financial crisis more than 20 years ago, the newly merged company set out to become one of the world¡¯s most valuable banks.
The ensuing decades of economic stagnation, deflation and rock-bottom interest rates put an end to that. Now its new CEO is reviving the aspiration.
¡°I want to achieve the goal we set 20 years ago to become one of the world¡¯s top five banks,¡± Junichi Hanzawa said in his first interview since becoming CEO.
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