Crisis capital: US$100b shortfall at Japan banks
Big Three may have to issue new debt to meet target under proposed global rules
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Tokyo
JAPAN'S three biggest banks may need to raise as much as about US$100 billion of capital that can be written down in a crisis to meet proposed global rules for lenders deemed too big to fail.
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group face an aggregate shortfall of 3.2-10.5 trillion yen (S$38-125 billion) that they would need to plug by selling debt, according to estimates by analysts.
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