Japan’s three largest financial groups are likely to raise fresh capital as soon as they can, according to analysts and investment bankers close to the firms. There are concerns over their low tier 1 capital ratios relative to their global peers and the coming proposals of the Basel Committee on bank capital.
Mitsubishi UFJ Financial Group, the largest financial conglomerate in Japan, filed a registration on November 18 for up to ¥1 trillion worth of new stock to be issued within the next year.
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