FinanceJapan megabanks log record profits and lift forecasts amid MBO boom
Bank chiefs anticipate further BOJ rate hikes following Trump's election
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
November 14, 2024 23:19 JST
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.