Japanese Banks Eye Global Expansion Through Overseas Deals

Japanese banking giants Mizuho and MUFG plan to expand their global investment market footprint through acquisitions and partnerships with overseas money managers. They aim to capture a larger slice of the global investing market, particularly in private assets in Europe and the US. Mizuho is interested in credit markets and infrastructure financing, while MUFG is exploring opportunities in the US and Europe. The two banks manage assets totalling approximately $1.3tn and are seeking to augment their existing businesses through partnerships and acquisitions.