Mitsubishi UFJ Ponders Stock Sale

Mitsubishi UFJ Financial Group(MTU Quote), Japan's largest bank, is considering raising $11 billion in fresh capital by selling common stock, according to a published media report.

The report, which the The Wall Street Journal published on its Web site Sunday, cited an anonymous source familiar with the situation.

The bank could issue the shares by the end of year, the report said. Such a sale would be one of the largest by a Japanese financial institution, the report added.

In the wake of last year's financial crisis, regulators around the world are advocating stronger capital requirements, and Japanese financial firms have been busy over the past year bolstering their capital by issuing common stock, the report noted. Mitsubishi UFG itself raised $4 billion in December. ...