Major Japanese banks are being squeezed hard by economic developments both domestically and overseas. Their generous dividends are still attractive—but are the last real selling points for the stocks. Mizuho Financial Group, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group released results for the year ending March 31 on Friday. All three forecast slimmer profits in the coming year, and credit costs of ¥200 billion, ¥450 billion and ¥300 billion (1.87 billion, $4.2 billion and $2.8 billion), respectively—sharp...

Source: Wall Street Journal May 15, 2020 11:15 UTC