(Reuters) - Sector share prices had slumped by a quarter since hitting a
seven-year peak last April, as the Bank of Japan's first rate
increase in more than half a decade failed to generate a
predicted revenue surge.
Mizuho reported a narrower-than-expected 4.4 percent decline
in annual net profit on Tuesday. Losses at a major borrower had
forced it to boost reserves against a potential default, but the
damage was smaller than forecast and was partly offset by a gain
in lending income.
Read more at Reuters.com Market News
seven-year peak last April, as the Bank of Japan's first rate
increase in more than half a decade failed to generate a
predicted revenue surge.
Mizuho reported a narrower-than-expected 4.4 percent decline
in annual net profit on Tuesday. Losses at a major borrower had
forced it to boost reserves against a potential default, but the
damage was smaller than forecast and was partly offset by a gain
in lending income.
Read more at Reuters.com Market News
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