TOKYO -- Japan's five top banking groups posted combined consolidated net profit of 1.37 trillion yen ($9.31 billion) for the April-June quarter, up 3% year-on-year and the third straight record for the period, lifted by wider yield spreads amid rising interest rates.
Finance
Japan's big banks post record April-June profit on rising yield spreads
Corporate appetite for funds drives new high in quarter for 3rd straight year
Japan's top three banks expect rising interest rates to boost their profits by 640 billion yen for the year ending March 2026, up 120% from the previous year. (Photo by Nanami Sato)
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