Japan's megabanks lift profit forecasts to record highs, step up buybacks
Inflatie
TOKYO: Japan's largest banks raised their annual profit forecasts and expanded share buyback programmes after strong second-quarter earnings as they cashed in on a rise in interest rates and a wave of corporate activity fuelled by the end of deflation. But the chief executives of the three "megabanks" cautioned that risks remained from continued tariff uncertainty, the impact on consumer sentiment of an unanticipated jump in US inflation and the prospect of an artificial intelligence bubble.
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