The strength of Japan’s banks has recently been overshadowed by the more exciting growth story of China’s rising dominance in the Top 1000 rankings. And despite the country suffering the impact of the earthquake that hit its north-east in March 2011 – and the subsequent nuclear disaster – the country’s banks have performed well in this year’s rankings. Last year’s rankings did not reflect any impact of the disasters as the data was taken from the end of March 2011, the same month as the earthquake.
While the impact of the disaster will continue to manifest itself, the steady performance of Japan’s banks in the Top 1000 has been better than many would have expected. This year, Japan has 103 banks in the Top 1000, an increase of only one bank on the 2011 ranking. This compares to China which has 110 banks in the rankings.
