Japan's megabanks rake in record profits, forecast further gains
Donald Trump
TOKYO, May 15 : Japan's three largest banking groups logged big jumps in annual profits to record levels and forecast higher profits to come even as geopolitical risks spur market volatility and fears grow about borrower stress in private credit markets. The end of deflation in Japan has proven lucrative for the banks as companies invest further and embark on mergers and acquisitions, which boost loan demand - trends that have prevailed despite turmoil created by U.S. President Donald Trump's
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