Japan continues to see its banks struggle, with slow or negative rates of growth – though the number of Japanese banks in the Top 1000 World Banks ranking is unchanged. The Japanese top 10 list also remains the same as the 2019 ranking.
Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan by Tier 1 capital, maintains its 10th spot in the global ranking, but has seen its Tier 1 capital fall by 2%. Sumitomo Mitsui Financial Group and Mizuho Financial Group also saw their Tier 1 capital decline over the course of 2019, which is the review period for the Top 1000 ranking.
