Standard & Poors Corp., has warned that it may reduce its ratings of five Japanese banks because of the length and severity of the problems that nation's banking industry is facing.

Dai-Ichi Kangyo Bank, Sumitomo Bank, Fuji Bank, Mitsubishi Bank, and Sanwa Bank all may reduced by S&P because of what the firm said was prolonged financial stress from Japan's severe economic slump.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.