Mizuho yesterday confirmed it would raise up to Y600bn ($6.2bn) in new shares in a bid to bolster its capital base. The fundraising by Japan's second-largest bank, is the latest in a string of equity raisings by Japanese institutions including Nomura and Toshiba, since the global financial crisis began. NomuraToshiba

Mizuho 's share price rose on the news, adding 2 per cent to close at Y231.