• SHARE

The economic recession and tumbling stock market forced most of Japan’s major banking groups to report losses in the business year that ended in March.

On Tuesday, Mitsubishi UFJ Financial Group Inc. reported a group net loss of ¥256.9 billion in the 2008 business year, in stark contrast with the net profit of ¥636.62 billion it posted a year earlier.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW