Top 1000 World Banks - Mitsubishi UFJ top again as Japan’s banks report losses

While last year's line-up of Japan's banks looks familiar, the underlying numbers tell a less cheerful story. Kimberley Long reports.

by Kimberley Long

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In Japan it is business as usual, as the top 12 placed banks remain unchanged on the 2018 rankings. Mitsubishi UFJ Financial Group (MUFG) is once more first in the country list, with $146bn in Tier 1 capital.

But looking beyond the positions a different story emerges, as all top three banks saw overall Tier 1 capital drop in the 2018 review period. MUFG saw a 4.12% decline, second placed Sumitomo Mitsubishi Financial Group saw a 3.21% drop and third placed Mizuho Financial Group had a 3.85% decline.

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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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