In Japan, the top three megabanks have maintained their positions at the top of this year’s country ranking, in the same order as the two preceding years. Mitsubishi UFJ Financial Group has once again claimed the top spot with $153.04bn in Tier 1 capital. It also jumps one place in the global ranking to ninth, while exhibiting the biggest increase in Tier 1 capital of all the top three Japanese banks compared with the 2017 ranking.
In fact, none of the top 10 banks for 2018 has changed places from the 2017 ranking, with the exception of Sumitomo Mitsui Trust Bank, which switched with Nomura Holdings to come in fifth and sixth, respectively. Within the leading 10 banks, all have dropped in the global Top 1000 rankings for 2018 – apart from Mitsubishi UFJ Financial Group, which has gained a place.