TOKYO -- Japan's megabanks expect double-digit profit declines for the current fiscal year, after reporting increased asset writedowns and loan loss provisions for the 12 months through March.
Finance
Japan's megabanks expect double-digit profit declines
Business expansion drives hit wall at MUFG, SMFG and Mizuho
Japan's megabanks, long trapped by ultranarrow spreads on the loans they extend in Japan, are now getting walloped at their overseas ventures.
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