NEW YORK--()--In their first joint mission to Japan since signing a Memorandum of Understanding (MOU) last October, the Bank of Tokyo–Mitsubishi UFJ (BTMU), its wholly owned subsidiary BTMU Brazil, and Investe São Paulo, the investment promotion agency of São Paulo State, are conducting seminars for about 900 businessmen in Tokyo, Nagoya, and Osaka, in addition to visiting potential investors.
“The situation with the domestic market in Japan is forcing companies to seek business opportunities abroad, especially in countries with a growing economy. Brazil and São Paulo State in particular offer an excellent market for such investment.”
The MOU agreed to combine the strengths of the three companies to help attract investments from Japanese companies to Brazil and to help Brazilian entrepreneurs wishing to invest in Japan. The first joint event was held in São Paulo in October. The seminars in Japan are being held January 15–17, 2013.
“We will present the highlights about the state of São Paulo and business opportunities, such as public–private partnerships, and make the services provided by Investe SP available to the Japanese businessmen,” says the president of Investe SP, Luciano Almeida, who is participating in the seminars in the three cities.
Adds Toshifumi Murata, president of BTMU Brazil, “The situation with the domestic market in Japan is forcing companies to seek business opportunities abroad, especially in countries with a growing economy. Brazil and São Paulo State in particular offer an excellent market for such investment.”
BTMU’s Head Office in Tokyo is organizing the seminars, which are being held in partnership with the media group Toyo Keizai, a leader in business information.
In addition to the MOU with BTMU and BTMU Brazil, at the end of last year, Investe SP entered into an agreement with JETRO, the Japan External Trade Organization, and sent a representative to Japan, who spent two months collaborating with JETRO in Tokyo. The agreement aims to promote the exchange of experiences, techniques, business culture, and best practices between the agencies — which complements the intent behind the MOU with BTMU.
About The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU)
Japan’s premier bank, BTMU has a global network spanning more than 40 countries and offers commercial and investment banking products and services to businesses, governments, and individuals worldwide. In the Americas, BTMU has offices throughout the United States and in Canada, Mexico, and Latin America serving mainly corporate clients. BTMU’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG), is one of the world’s leading financial groups, with total assets of more than JPY 218 trillion (approximately US$2.8 trillion) as of September 30, 2012. MUFG’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group’s operating companies include BTMU, Mitsubishi UFJ Trust and Banking Corporation (Japan’s leading trust bank), and Mitsubishi UFJ Securities Holdings Co., Ltd., one of Japan’s largest securities firms. MUFG’s shares trade on the Tokyo, Osaka, Nagoya, and New York (NYSE: MTU) stock exchanges.
About Investe São Paulo
Investe São Paulo is the gateway for businesses wishing to establish operations in the state, and also supports the expansion of projects that are already under way. The agency, linked to the Department of Economic Development, Science, and Technology, provides free strategic information to help investors find the best locations for their business and facilitates contact between new companies and public and private agencies. For more information, visit http://www.investe.sp.gov.br.