Resona (りそな) is the fifth-largest banking group in Japan. Recently the Resona Group 's capital adequacy ratio 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 into the Resona Group . The move is designed to help the struggling bank, and shows the diminishing economy of Japan.
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Last updated: 05-22-2005 04:06:57
