Profits Rise at Japan's Biggest Banks

BY ATSUKO FUKASE

TOKYO?Japan's three biggest banks posted solid net profits in their last fiscal year, sidestepping the euro-zone debt crisis that has weighed on the bottom line of some of the world's other large lenders.

But their results were buoyed by significant gains from sales of Japanese government bonds, and bank executives cautioned that is unlikely to continue through the current fiscal year, which began April 1.

The combined net profits of Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. totaled nearly ?2 trillion, or about $25 billion, the largest since the global financial crisis ...

BY ATSUKO FUKASE

TOKYO?Japan's three biggest banks posted solid net profits in their last fiscal year, sidestepping the euro-zone debt crisis that has weighed on the bottom line of some of the world's other large lenders.

But their results were buoyed by significant gains from sales of Japanese government bonds, and bank executives cautioned that is unlikely to continue through the current fiscal year, which began April 1.

The combined net profits of Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. totaled nearly ?2 trillion, or about $25 billion, the largest since the global financial crisis ...

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