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20241114 Japan megabanks

The heads of Japan's three megabanks said they will watch for signs of economic stress if inflation remains elevated, warning that borrowers might struggle with higher costs. (Photo by Nanami Sato)

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Japan's three megabanks on Thursday upgraded their profit forecasts for the year ending in March, following record results for the fiscal first half and amid optimism that the Japanese and U.S. economies will maintain momentum for the remainder of the second half.

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