Photographer: Kiyoshi Ota/Bloomberg

Japan’s Biggest Bank Urges BOJ to Weigh Policy Side Effects

  • Loan income unlikely to grow, MUFG’s banking unit chief says
  • Eyeing Indonesia as Asia remains a pillar of growth abroad

Mitsubishi UFJ Financial Group Inc.’s main lending unit urged the Bank of Japan to consider the side effects of negative interest rates at next week’s meeting, saying the policy will continue to squeeze lending income.

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