Three leading Japanese banks have announced an alliance forming the world's largest financial group. Fuji Bank, Dai-Ichi Kangyo and the Industrial Bank of Japan say their operations will be integrated by the spring of 2002.
The Japanese banking industry is consolidating power.
By allying the 3 largest banks, they are consolidating power in the banking industry.
( z1 consolidate :ARG0 ( z2 industry :mod ( z3 banking ) :mod ( z4 country :name ( z5 name :op "Japan" ) ) ) :ARG1 ( z6 power ) )