The performance of Japan’s banks looks particularly lacklustre when compared to their counterparts in the increasingly dominant China. The largest banks in Japan have held steady in their positions, but many others have slid down the global rankings.
The top bank in Japan, Mitsubishi UFJ Financial Group, has held its position from last year as the seventh largest bank in the world in terms of Tier 1 capital. And the next largest Japanese banks, Sumitomo Mitsui Financial Group and Mizuho Financial Group, occupy the same two rankings they held last year, although they have swapped places, with Sumitomo Mitsui 16th and Mizuho 17th.
