Mitsubishi UFJ Financial Group trades at a fraction it traded separately before the bubble burst!

FORBES: Hong Kong Listed Chinese Banks: Do Investors Know What they are buying?

Just take a look at a Japanese super bank Mitsubishi UFJ Financial group (NYSE:MTU).

FORBES: Why Do Bankers Make So Many Stupid Mistakes?

The stocks of Mitsubishi UFJ Financial Group (NYSE:MTU) are up 65% and those of Sumitomo Mitsui Financial Group (NYSE:SMFG) up 75%.

FORBES: Whither Japan Stocks: Is the Bullish Case Still Intact?

Last week Mitsubishi UFJ Financial Group (MUFG) converted 385 million shares of Morgan Stanley (MS) preferred shares to common, making MUFG a 22.4 percent owner of the U.S. investment bank.

FORBES: Mitsubishi UFJ Financial Group--A Megabank View Of Japan's Economy (3)

Financials also bounced after losses earlier in the week, with Nomura Holdings rising 4.7% and Mitsubishi UFJ Financial Group rising 2.7% in Tokyo, Commonwealth Bank of Australia gaining 0.8% and Chinatrust Financial Holding climbing 2.4% in Taipei.

WSJ: Greek Hopes Help Asia Markets

Japan's Mitsubishi UFJ Financial Group Inc.

WSJ: MUFG Enters Exclusive Talks to Buy Thai Lender

Mitsubishi UFJ Financial Group Inc.

WSJ: Tokyo Stocks Up as Investors Embrace Bank of Japan Easing Plan

Among the largest underlying components of VPL, in trading today Toyota Motor Corp ( NYSE: TM) is down about 0.5%, Westpac Banking Corp ( NYSE: WBK) is up about 1.3%, and Mitsubishi UFJ Financial Group Inc ( NYSE: MTU) is lower by about 0.3%.

FORBES: Vanguard MSCI Pacific ETF Experiences Big Outflow

It is to buy the megabanks, particularly Mitsubishi Tokyo UFJ Financial Group (NYSE: MTU).

FORBES: Whither Japan Stocks: How Much Value is Left?