Japan’s MUFG Bank to finance defense industry in shift from cautious stance

Lender to screen in line with nation's security policy; other banks expected to follow suit Japanese Defense Minister Shinjiro Koizumi. MUFG Bank's new guideline is expected to expand financing for startups and small- and midsize companies in the defense sector. (Nikkei montage/Source photos by Hazumu Urushiyama) TOKYO — Japan's MUFG Bank will soon introduce guidelines to finance defense-related companies, Nikkei has learned, in a shift from its cautious stance as the government steps up efforts to strengthen its defense industry.

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