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Resona is the fifth-largest
banking group in
Japan. Recently the
Resona Group's
capital adequacy ratio(資本充足率) had fallen dangerously low. The
Resona case would have an impact on other main
banks, which are also factoring in large amounts of
deferred tax assets. On May 17 2003, the
Japan government decided to inject
public funds(公的資金) into the
Resona Group. The move is designed to help the struggling bank, and
shows the diminishing economy of Japan.
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