Mizuho Financial Group Inc. plans to raise around ¥800 billion to ¥1 trillion by issuing common shares to brace for stricter global capital requirements, sources said Tuesday.
Japan's second-largest banking group is expected to announce the move by the end of this month, the sources said.
Global regulators' debates about stricter capital requirements for banks have encouraged Japanese lenders to accelerate the issuance of new common shares, and since late last year both Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. have implemented capital increases.