Fitch Ratings said Tuesday it has left unchanged the credit ratings of 10 Japanese banks, including a holding company, in anticipation that the Japanese government will extend support if needed.

“In general, the quality of capital at Japan’s major banks is poor, consisting largely of deferred tax assets and government-held preferred securities,” Fitch said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.