Japan's two largest banks, Mitsubishi UFJ (MTU) and Mizuho (MFG), slash their earnings forecasts...

|About: Mizuho Financial Group,... (MFG)|By:, SA News Editor

Japan's two largest banks, Mitsubishi UFJ (MTU) and Mizuho (MFG), slash their earnings forecasts by more than half due to growing loan losses and a weak equity market. Analysts say Japanese banks will be forced to raise more capital as unrealized losses snowball.