In a move that was either brilliantly timed or very lucky -- or more likely a bit of both -- the smallest of Japan's three megabanks by assets, Sumitomo Mitsui Financial Group (SMFG) yesterday raised ¥803 billion ($8.2 billion) from a sale of new shares, which could increase to ¥923 billion ($9.4 billion) if the greenshoe is exercised in full, just as the markets look set to turn down after a long rebound. The deal represents the largest amount raised from an equity financing by any Japanese bank on record. According to Dealogic, it is almost 60% ...