5 Japanese Banking Groups Post Higher Quarterly Profits
Tokyo, Aug. 2 (Jiji Press)--Five major Japanese banking groups posted consolidated net profits that increased 19.1 pct in the fiscal first quarter ended in June from a year before to 1,338.6 billion yen in total as income from loans grew amid higher interest rates at home and abroad and higher corporate demand for funding.
The five groups' profits were also boosted by the Bank of Japan's decision in March to end its negative interest rate policy and a weaker yen that inflated the yen-based value of overseas profits.
(2024/08/02-21:40)
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