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Article: MUFG eyes restarting political donations.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- October 24, 2006
CopyrightCOPYRIGHT 2006 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct. 24--TOKYO -- Mitsubishi UFJ Financial Group Inc. has started considering resuming donations to political parties by the year-end after a nine-year hiatus, sources familiar with the matter said Tuesday.
Nobuo Kuroyanagi, president of the Bank of Tokyo-Mitsubishi UFJ, which is the core of the holding company, told a news conference, "We will consider the (resumption) issue down the track, but it is an open question whether we will do so." The company appears to have judged that the completion of the repayment process of public funds which it borrowed in the late 1990s to replenish its depleted capital base has opened the path for resumption of such donations.
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