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Mitsubishi UFJ's net profit falls by 27%

Wednesday 21st May, 04:49 AM JST

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4 Comments

  • thepossum at 03:59 PM JST - 21st May

    All this talk about subprime, why then did the US post a 0.1 increase in economic activity for both March and April ? "Experts actually had predicted negative growth, but lo and behold- an increase ! Seems to me Japan is placing way too much emphasis on subprime overseas and not enough on satisfying it's customers here in Japan. The first thing these banks must do is close the nonperformers ! The debt is killing the banking industry ! Newspap@er headlines clearly state that 6 banks lost as much as 945 billion yen last year ! Simple poor investing and illogical business strategies to blame ! And with oil hovering at record prices again today, Japanese banks need to reconsider their investment packages much more carefully.

  • wanderlust at 05:43 PM JST - 21st May

    Still not integrated properly from it's present merger, and barely integrated from it's previous merger from Sanwa Bank. Still have not woken up to what customer service really means...

  • some14some at 06:40 PM JST - 21st May

    Japanese banks need to reconsider their investment packages much more carefully.

    No need, BOJ is there with lowest possible interest rate also tax payers' money is easily available as and when required by them.

  • romulus3 at 09:24 PM JST - 21st May

    yeah well the US banks smartly sold off most of their crappy, smelly, subprime mortgages to unsuspecting, greedy, Japanese banks. so the U.S is through the worst but Japan will continue its steady downward spiral into mediocrity.

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