• Bloomberg


Standard & Poor’s, which lowered U.S. brokerages’ credit ratings this week, said Japan’s major banks are withstanding the subprime mortgage crisis.

Mitsubishi UFJ Financial Group Inc. and other banks’ investments in securities connected to U.S. subprime mortgages pose “no new causes for concern,” the rating company said in a report Wednesday. Their portfolios of such securities are “relatively small compared to those of major overseas financial institutions,” S&P said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

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.