Press Conference by SUZUKI Shunichi, Minister of Finance and Minister of State for Financial Services

(Excerpt)

(Tuesday, July 9, 2024, 11:31 am to 11:37 am)

Q.

There is news coverage of the suspicion that an employee of MUFG Bank, Ltd. leaked information on customer companies to relatives, etc. before official announcements and the relatives may have gained profits.
Regarding Mitsubishi UFJ Financial Group, Inc. and MUFG Bank, Ltd. sharing information on customer companies, violations of the firewall regulations were revealed just recently. What do you think of this news coverage?

A.

The suspicion of insider trading is now under investigation by the Securities and Exchange Surveillance Commission. As you know, the Securities and Exchange Surveillance Commission is vested with independent authority and exercises such authority. Therefore, I think that I should refrain from making any comments on an individual case of investigation from the standpoint of the FSA.