TOKYO -- Japan's three megabanks have become money-making machines, doubling profits from five years ago and forecasting further improvement as they reap gains from rising interest rates.
Finance
Japan's megabanks upbeat after doubling profits in five years
MUFG, Sumitomo Mitsui and Mizuho exploit scale to chalk up record earnings
Signboards for MUFG, Mizuho and Sumitomo Mitsui on a Tokyo street. Japan's three megabanks are expecting profits to keep accumulating as interest rates rise. (Photo by Nanami Sato)
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