MUFG, Japan's largest megabank group, has announced plans to increase the mandatory retirement age from 60 to 65. Bloomberg posted on X, highlighting this move as part of the bank's strategy to retain talent in the face of an aging population. This decision aligns with broader efforts in Japan to address workforce challenges posed by demographic shifts. By extending the retirement age, MUFG aims to leverage the experience and expertise of its senior employees, ensuring continued growth and stability in a competitive financial landscape.