"Japan's megabanks may need to raise capital", UBS says

09/9/2009 | Bloomberg

Nana Otsuki, an analyst at UBS, said stricter capital requirements might force the three largest banks in Japan to issue shares or undertake other capital-raising schemes. "Japan's megabanks may need to raise capital, including issuing shares," Otsuki said. "They have less leeway than major European and US banks." Since the end of last year, Mizuho, Mitsubishi UFJ and Sumitomo Mitsui financial groups have raised a combined $19 billion through share sales.

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