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Friday, December 09, 2016, 15:00 - 16:00

Developments of the Japanese Economy and Financial Industry, and MUFG’s Business Strategies

Language: The speech and Q & A will be in English

The biggest of Japan's so-called "megabanks," the Bank of Tokyo-Mitsubishi UFJ is aiming to focus more on overseas banking markets from now on, at a time when Japanese banks in general - regional banks as well as megabanks - are stepping up their overseas presence. The lure of overseas markets continues to grow stronger as the Japanese economy remains in an anaemic state, despite Abenomics.

Japanese lending institutions are raising their profiles in Asia especially, as well as in North America, Europe and elsewhere, as they seek to grow by means of acquisitions and organic growth. The opportunities elsewhere (especially in Asia after many European banks withdrew in the wake of the global financial crisis) are many - but so are the challenges.

Japanese banks enjoy a huge natural yen-funding base at home in Japan but are heavily dependent upon obtaining foreign currencies from interbank markets and other wholesale sources in order to fund lending overseas, where demand for yen loans is limited. The danger of being "squeezed" is real and could become more acute as interest rates begin to rise globally.

The task for the banks is to establish a larger overseas funding base and to become fully integrated in local banking markets overseas, as rivals from other countries have done. Given its sheer size, and the fact that the former Bank of Tokyo was Japan's premier "foreign exchange" bank, MUFG should be well placed to meet these challenges, and also to bring the benefits of "Japanese-style" retail banking to overseas markets.

Nobuyuki Hirano is a veteran among Japanese bankers. He took over as Chairman of The Bank of Tokyo-Mitsubishi UFJ, Ltd in April 2016 and is also President & Group CEO of Mitsubishi UFJ Financial Group (MUFG). He began his career more than 40 years ago working at domestic branch banking offices. Mr. Hirano later developed his career in Europe and New York, where he held a variety of positions within corporate banking and global strategy planning.

Following his return to Japan, he held a number of high-ranking positions in divisions related to corporate banking and corporate planning. In conjunction with the establishment of BTMU in January 2006, Mr. Hirano was appointed as a managing director responsible for corporate function. In March 2009, Mr. Hirano became a director at Morgan Stanley, a firm with which MUFG had formed a strategic capital alliance. He graduated with a Law degree from Kyoto University in 1974. August 2016.

 

Please reserve in advance, 3211-3161 or on the website (still & TV cameras inclusive). Reservations and cancellations are not complete without confirmation.

Professional Activities Committee

Dec 09 16 Nobuyuki Hirano046

 

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