Fitch Concerned About Capital Ratios of Japanese Banks
Fitch Ratings is raising questions about Japanese banks, especially as Japan’s economy has slid into recession and bank share prices have plummeted. Profits are being crimped by the high cost of credit. From March to September, profits for major Japanese banks was JPY475 billion, or less than half the level for the same period in 2007, Fitch said. [...]
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