TOKYO — Mitsubishi UFJ Financial Group plans to invest around 100 billion yen ($675 million) in real estate over three years, as MUFG takes advantage of Japan’s undervalued property market, Nikkei has learned.
The Japanese group will debut a fund with a 30 billion yen contribution from MUFG Bank, its flagship banking unit. It also will pursue external contributions to take total investments to 100 billion yen.
