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Outstanding loans raised

Mitsubishi UFJ Financial Group Inc plans to raise its outstanding loans in China by 25 percent to 1 trillion yen ($12.3 billion) in a year or two, capitalizing on growing demand in the fastest-growing major economy.

Japan's biggest lender raised the capital of its Chinese unit, Bank of Tokyo-Mitsubishi UFJ (China), by 1.5 billion yuan ($226 million) to 8 billion yuan, the Tokyo-based bank said on Friday. The capital increase would allow it to expand lending in China's regulated banking industry, said Takashi Takeuchi, a spokesman for the lender.