TOKYO -- Japan's top three banks are set to report combined net profit of roughly 3.9 trillion yen ($26.3 billion) for the year ended March, a 25% gain propelled by sales of cross-held shares and the Bank of Japan's interest rate hikes, Nikkei has learned.
Finance
Japan's top banks set to report record profits but face tariff stress test
Higher interest rates, sales of cross-shareholdings drive another bumper year
Japan's top three banks including Mitsubishi UFJ Financial Group are expected to post a second straight year of record earnings. (Photo by Yuki Nakao)
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