Latest news with #HidekiSuzuki
Bloomberg
04-08-2025
- Business
- Bloomberg
MUFG Chief Calls for Earlier BOJ Rate Hike to Tackle Inflation
The CEO of Japan's largest bank said the Bank of Japan could raise its policy rate as early as September, given the outlook for higher inflation in the country. Mitsubishi UFJ Financial Group CEO Hironori Kamezawa spoke to Bloomberg's Hideki Suzuki about the BOJ's rate path, rising Japanese bond yields, and the impact of tariffs. (Source: Bloomberg)
Bloomberg
04-08-2025
- Business
- Bloomberg
MUFG Profit Beats Estimates; Maintains Record Earnings Target
By and Hideki Suzuki Save Mitsubishi UFJ Financial Group Inc. kept its forecast for another year of record profit after earnings exceeded analysts' expectations in the first quarter, thanks to a drop in credit costs. Net income fell 1.8% from a year earlier to ¥546.1 billion ($3.7 billion) in the three months ended June 30, Japan's largest bank said Monday. That beat the ¥490.1 billion average of five analysts' estimates compiled by Bloomberg.
Bloomberg
14-05-2025
- Business
- Bloomberg
Sumitomo Mitsui Expects Record Profit in Face of Trade Tensions
By and Hideki Suzuki Save Sumitomo Mitsui Financial Group Inc. forecast another year of record profit, signaling the Japanese bank is confident it will withstand the fallout from Donald Trump's trade war. Japan's second-largest lender expects net income of ¥1.3 trillion ($8.8 billion) for the year started in April, up about 10% from last year's record ¥1.18 trillion, it said on Wednesday. The projection compares with the ¥1.37 trillion average of 13 analyst estimates compiled by Bloomberg.
