Mitsubishi UFJ surpasses Toyota in market capitalization to top Japan's stock market

Odaily Odaily reports that Japan's largest bank, Mitsubishi UFJ Financial Group, has risen to become the highest-valued company in Japan by market capitalization, marking the first time a Japanese bank has taken the top spot since the current "Big Three banking groups" structure was established.

According to Bloomberg-compiled data, Mitsubishi UFJ Financial Group's shares rose 2.3% on Monday to 3,541 yen, pushing its market capitalization to 42 trillion yen ($259 billion). This market value exceeds Toyota Motor's approximately 41 trillion yen and Kioxia Holdings' roughly 36.7 trillion yen. (Jin Shi)