Japan's big three banks reported robust earnings growth for the full year ended March 31, prompting one analyst to forecast huge gains for their stocks in the near-term.
Japan's top banks forecast earnings above analysts' expectations but still see a tough year ahead, with two of the big three predicting a fall in profits, as a limp domestic economy restrains demand for loans.
Japan's top banks are set for profit declines this year after solid growth in the past two years as razor-thin yields curb their hefty government-bond trading gains and as a tepid domestic economy curtails loan appetite.