In Japan, the country's foremost bank BTM - BANK OF TOKYO-MITSUBISHI LTD has announced its merger with MITSUBISHI TRUST AND BANKING, by April 2001, to become the fourth largest banking group in Japan and the fifth in the world with total assets of 87,950 bn yen. Provisionally called MITSUBISHI TOKYO FINANCIAL GROUP, this new entity will then grow with the integration of two BTM subsidiaries, NIPPON TRUST BANK and TOKYO TRUST BANK.