TOKYO -- The combined consolidated net profit at Japan's top-three banking groups has likely decreased by about 10% to slightly above 1.3 trillion yen ($11.9 billion) for the fiscal first half through September, the first such year on year decline in three years.
Finance
Japan's top banks suffer 1st combined income drop in three years
Lower profitability hits bottom lines at Mitsubishi UFJ, Sumitomo and Mizuho
Squeezed by thin interest rate spreads, Japan's megabanks plan to cut more costs and expand their use of information technology.
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