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.

Based on that paragraph can we conclude that this sentence is true?
3 Japanese banks just formed a monopoly 

Options:
 1). Yes.
 2). It's impossible to say.
 3). No.