Turkey's banking regulator has given permission to Japan's Mitsubishi UFJ Financial Group to give support and advisory services for some credit transactions. The move comes as the Turkish government is trying to revive its ailing economy by encouraging foreign investment in sectors such as tourism. Mitsubishi UFJ’s roots in Turkey date back to 1986, when one of its predecessor banks opened a representative office. Japanese companies continue to invest in the country in projects such as infrastructure, despite recent security and political instability.
Turkey's banking regulator has given permission to Japan's Mitsubishi UFJ Financial Group to give support and advisory services for some credit transactions. The move comes as the Turkish government is trying to revive its ailing economy by encouraging foreign investment in sectors such as tourism. Japanese companies continue to invest in the country in projects such as infrastructure, despite recent security and political instability.