Strong position in the domestic market as Japan's largest banking group Strong funding and liquidity, backed by its banking subsidiaries' stable deposits, which are diversified into small lots Modest profitability in terms of return on assets compared with global peers, because of low net interest margins on domestic lending Less favorable funding in foreign currencies than in yen, despite a large amount of foreign currency assets S&P Global Ratings has stable outlooks on its long-term issuer credit ratings on Japan-based megabank Mitsubishi UFJ Financial Group Inc. (MUFG) and its core subsidiaries, including core operating banks. The outlooks reflect our view that the group will likely maintain its solid business base, strong funding, and ample liquidity in the next two years.
