Svmuu News: Mitsubishi UFJ Financial Group, Japan’s largest bank, has risen to become the country’s most valuable company by market capitalization—the first time a Japanese bank has held that position since the current “Big Three” banking group structure was established.
According to data compiled by Bloomberg, Mitsubishi UFJ Financial Group’s stock rose 2.3% on Monday to 3,541 yen, pushing its market capitalization to 42 trillion yen ($259 billion). This market capitalization exceeds that of Toyota Motor Corporation, at approximately 410,000 billion yen, and Kioxia Holdings, at approximately 367,000 billion yen. (Jin Shi)