MUFG To Issue Y1tln shares

Mitsubishi UFJ Financial Group announced last week that it filed a shelf registration to raise up to 1 trillion yen's worth of capital by issuing common shares. MUFG, Japan's largest bank, plans to issue the shares within one year. Due to the recent move by global regulators to push for a stricter capital requirement for financial institutions, Japanese banks have been seeking opportunities to raise capital.