Japan’s three largest banks generated profits of $8.1 billion, or 791.6 billion yen, in the second quarter, a 63% increase year-over-year.
“The key is how to further encourage corporate and consumer sentiment, which will need the government to execute its growth strategies,” Kunibe, who is president of Sumitomo Mitsui’s banking unit, said in the article.
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Max Chen contributed to this article.