Nationalisation required for Japanese bank recovery, says Fitch

Despite recent initiatives from three of the four major Japanese banks – Mizuho, Sumitomo Mitsui Financial Group (SMFG) and UFJ – to strengthen capital provisions and write off bad loans, there is little prospect of a meaningful recovery in the near to medium term, said Fitch analyst and report author Reiko Toritani.

In January, Mizuho said it expected to post a net loss of around ¥2 trillion in the year to March – making it the largest loss in Japanese corporate history - after drastically i

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: