Japan's Major Banks' Preparedness For Downturn Of Credit Cycle Is A Key Focus

TOKYO (S&P Global Ratings) May 28, 2019--Japan's five major banking groups' capability to generate earnings, their foreign currency-denominated funding, and their resilience to credit-related costs remain key factors following the release of their fiscal 2018 (ended March 31, 2019) results, S&P Global Ratings said in a Japanese-language report published today. The operating performance of each of the five groups in fiscal 2018 reflected a continued difficult business environment but met our expectations. The five groups are Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc., Sumitomo Mitsui Financial Group Inc., Resona Holdings Inc., and Sumitomo Mitsui Trust Holdings Inc. One focus of our attention is their earnings capability. This will take into account their progress in restructuring domestic operations, for

...May 27, 2019 TOKYO (S&P Global Ratings) May 28, 2019--Japan's five major banking groups' capability to generate earnings, their foreign currency-denominated funding, and their resilience to credit-related costs remain key factors following the release of their fiscal 2018 (ended March 31, 2019) results, S&P Global Ratings said in a Japanese-language report published today. The operating performance of each of the five groups in fiscal 2018 reflected a continued difficult business environment but met our expectations. The five groups are Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc., Sumitomo Mitsui Financial Group Inc., Resona Holdings Inc., and Sumitomo Mitsui Trust Holdings Inc. One focus of our attention is their earnings capability. This will take into account their progress in restructuring domestic operations, for which business conditions continue to worsen. Given this, each group's efforts to expand its overseas business leads us to train more attention on their...

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