Japan’s banks feel the strain, but MUFG remains on top

Japan’s banks have struggled during the past year, with declines in Tier 1 capital seeing them slide down the 2022 ranking. Kimberley Long reports.

by Kimberley Long

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The 2022 Top 1000 World Banks ranking will not be happy reading for the Japanese banking sector. Mitsubishi UFJ Financial Group (MUFG) has slid out of the top 10 for the first time since 2010. The bank, which ranked 10th in 2021, has fallen to 12th with a 12.4% drop in Tier 1 capital.

MUFG had been the sole Japanese bank to hold a place in the top 10 for the past 11 years. Its fall means Chinese banks are now the only Asian banks represented in this elite group.

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Kimberley Long

Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.

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