TOKYO -- Mitsubishi UFJ Financial Group expects record net profit for the year ended March under revised guidance it announced on Wednesday, as interest rate hikes by the Bank of Japan lift long-slumping loan interest margins.
Finance
Japan's MUFG projects record profit as rising rates boost loan margins
Banking leader offsets foreign bond losses by selling cross-shareholdings
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MUFG projects a second consecutive year of record consolidated net profit. (Photo by Akira Kodaka)
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