Like a long-running game of musical chairs, Japanese banks last year reshuffled their places in a preliminary ranking by the American Banker of the world's top 200 banking companies, based on asset size.
Sanwa Bank Ltd. climbed to No. 1 from No. 5, Fuji Bank Ltd. moved from being the world biggest bank to the third biggest, and Sumitomo Bank Ltd. moved from No. 3 to No. 4.