BTMU: No plans to impose new deposit fees

TOKYO: Japan’s Bank of Tokyo-Mitsubishi UFJ (BTMU) is not considering introducing new fees on the deposit accounts of big companies, a spokesman for the lender said.

His comments follow a report by the Nikkei business daily earlier yesterday that said BTMU, a core unit of Japan’s largest lender Mitsubishi UFJ Financial Group, might charge such fees after the Bank of Japan’s (BoJ) surprise adoption of negative interest rates last week.