Mitsubishi UFJ’s market cap surpasses Toyota, topping Japan’s stock market

ME News, July 13 (UTC+8): Japan’s largest bank group, Mitsubishi UFJ Financial Group, has seen its market value rise to the highest level in Japan, becoming the first Japanese bank to take the top spot by market cap since the current “three major bank groups” landscape was established. According to data compiled by Bloomberg, Mitsubishi UFJ Financial Group’s share price rose 2.3% on Monday to 3,541 yen, pushing its market value to 42 trillion yen (US$259 billion). This market cap exceeds Toyota Motor’s market cap of about 41 trillion yen, as well as Kaier X Holdings’ market cap of about 36.7 trillion yen. (Jin10) (Source: ODAILY)
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