Summary: Japanese banks Mizuho and MUFG are targeting acquisitions or partnerships with overseas money managers to expand their global presence. Mizuho is prioritizing a tie-up with a private asset specialist in Europe or the U.S., while MUFG is focusing on overseas asset management, particularly in the U.S. and Europe. This move follows a trend of Japanese financial companies seeking growth opportunities abroad due to sluggish domestic growth.

Link: https://www.channelnewsasia.com/business/mizuho-mufg-join-race-japans-banks-money-manager-deals-overseas-5311976