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Author: | Jones, C. |
Title: | Japanese profits soar. |
Journal: | Banker
1987 : SEP, VOL. 137:739, p. 12, 14 |
Index terms: | BANKS JAPAN PROFIT |
Language: | eng |
Abstract: | Japan's 87 commercial banks have had their most profitable year, doubling their profits earned just four years ago. The causes are simple: falling yen interest rates, booming Tokyo bond and equity markets and a spreading international reach. City banks have offset weak corporate-loan demand by carving out greater shares in the foreign exchange and bond markets. Record profits raised the average pre-tax return on assets and the average ratio of shareholders' funds to assets significantly, but these ratios are still low by international criteria and Japanese risks. |
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