Status of japanese banks

Investors found refuge in reassurance by the United Arab Emirates central bank that it would support local and international banks exposed to Dubai debt.
Japan's Nikkei 225 closed up 2.9%, Australia's S&P/ASX 200 rose 2.8% and South Korea's Kospi Composite climbed 2%.
Hong Kong's Hang Seng Index added 3.3% and China's Shanghai Composite tacked on 3.2%.
Bucking the trend, Singapore's Straits Times Index was down 0.8% in late trading, playing some catchup on the downside after being closed for a holiday Friday.
"Across Asia, regional markets have rebounded strongly this Monday as the United Arab Emirates' central bank pledged support for the country's local and foreign banks, in turn easing fears of contagion," said Ben Potter, a research analyst at IG Markets in Melbourne, in a note to clients.
Also, traders have come to realize that "the Dubai event, while serious, is not the beginning of a new phase of debt deflation greater than the real-estate crisis that started in 2007," said Richard Hastings, a consumer strategist at Global Hunter Securities.
Most financial stocks in the region advanced, rebounding from Friday's selloff.
In Hong Kong, HSBC /quotes/comstock/22h!e:5 (HK:5 91.65, +0.95, +1.05%) rose 4.3% after ending Friday down 7.6%. In Australia, National Australia Bank /quotes/comstock/22x!e:nab (AU:NAB 28.55, -0.07, -0.24%) added 6%, while in Japan, Mitsubishi UFJ Financial Group /quotes/comstock/!8306 (JP:8306 482.00, +38.00, +8.56%) rose 8.6%. In South Korea, Woori Finance Holdings /quotes/comstock/13*!wf/quotes/nls/wf (WF 36.99, +1.99, +5.69%) surged 9.4% after dropping nearly 16% over Thursday and Friday combined.
"Investors are figuring out that ... Asian bankers/brokers have very little exposure to the $60 billion default" in Dubai, said Tony Sagami, editor of Asia Stock Alert.
Bucking the trend, Singapore's banks lost ground in late-afternoon trading, led by a 2.3% decline in DBS Group Holdings, /quotes/comstock/22i!e:d05 (SG:D05 14.36, +0.04, +0.28%) on concerns the lender may have the most exposure to Dubai's debt woes.
"Among Singapore banks, DBS is the only bank known to have direct lending exposure to the Middle East," CIMB said in a report after downgrading the stock to underperform from neutral.
Greg Gibbs, currency strategist at RBS in Sydney, said: "It is pretty clear that some kind of debt restructuring for Dubai World will occur, and banks and other lenders to the government-related entity will be asked to take a haircut on these assets."
Even so, analysts at Macquarie said in a research note that their assessment of East Asia's own exposure through key sectors such as banks, construction and real estate suggests "minimal cause for concern."
Shares of real-estate operator Sumitomo Realty & Development /quotes/comstock/!8830 (JP:8830 1,495, +125.00, +9.12%) jumped 9.1% in Tokyo. Real-estate developers Gemdale Corp. /quotes/comstock/28c!e:600383 (CN:600383 15.47, -0.01, -0.06%) climbed 2.7% and Poly Real Estate Co. /quotes/comstock/28c!e:600048 (CN:600048 24.85, 0.00, 0.00%) rose 2.2% in Shanghai.
Chinese shares saw added support after Beijing late Friday said it will maintain an active fiscal policy and moderately loose monetary policy next year, allaying investor concerns over a tightening policy bias.
This "may indicate that Beijing wants to boost investor sentiment, especially amid continued uncertainty in the global economy," said Guosen Securities analyst Wang Junqing