Mitsubishi UFJ has announced plans to expand its operations in Taiwan and to open an office in Fuzhou , China , due to increased trade between China and Taiwan . “We need to be geographically close to our customers,” Tetsuo Tani, deputy head of planning for East Asia at Japan’s biggest bank, said in an interview in Tokyo last month. The bank 's loan portfolio is c. JPY 350bn ( $ 2000 ) and it is looking to increase its balance by JPY 50bn ( $ 400 m ) over the next five years .
Mitsubishi UFJ has announced plans to expand its operations in Taiwan and to open an office in Fuzhou , China , due to increased trade between China and Taiwan . The bank 's loan portfolio is c. JPY 350bn ( $ 2000 ) and it is looking to increase its balance by JPY 50bn ( $ 400 m ) over the next five years .