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JAPAN-BANKS/RESULTS
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November 14, 2014
A pedestrian walks past signboards of Resona Bank (L), Bank of Tokyo-Mitsubishi UFJ (C) and Mizuho Bank...
Tokyo, Japan
A pedestrian walks past signboards of Resona Bank, Bank of Tokyo-Mitsubishi UFJ (C) and Mizuho Bank in...
A pedestrian walks past signboards of Resona Bank (L), Bank of Tokyo-Mitsubishi UFJ (C) and Mizuho Bank in Tokyo November 14, 2014. Japan's top three banks reported profits for the first half of the year far beyond their initial estimates, as reduced credit costs made up for more muted stock gains during a period of cooling enthusiasm over "Abenomics". Mitsubishi UFJ Financial Group Inc (MUFG), Mizuho Financial Group Inc and Sumitomo Mitsui Financial Group Inc (SMFG), however, continued to see paltry lending growth, highlighting the challenge faced by Japan's central bank in encouraging borrowing and spending to stimulate the economy. REUTERS/Yuya Shino (JAPAN - Tags: BUSINESS)
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