MUFG on track to be Japan’s first yuan clearing bank after expected Abe-Xi deal at Osaka G20

It’s going to be a big impact in the future. Now it’s just a performance against the US, but it will affect all industries in Japan in the future.

MUFG on track to be Japan's first yuan clearing bank after expected Abe-Xi deal at Osaka G20

MUFG Bank is expected to become the first Japanese bank to be designated as a yuan clearing bank, sources said Wednesday. Japanese Prime Minister Shinzo Ab

www.japantimes.co.jp

MUFG Bank is expected to become the first Japanese bank to be designated as a yuan clearing bank, sources said Wednesday.

Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping are likely to reach an agreement on MUFG’s designation when they meet in the city of Osaka on Thursday, the sources said.

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