Japanese Banks Turn In Lower FY96 Results, But Top Three Show All- Round Improvement
BANKS
Japanese banks report mostly lower earnings for fiscal year 1996, which ran from April 1, 1996 to March 31, 1997. Bank of Tokyo-Mitsubishi, which was recently ranked by FX Week as the fifth largest international bank in terms of FX trading revenues (FXW, May 19), once again leads its Japanese competitors with $621.3 million in annual FX trading gains.
While the top three banks showed improvements in the latest fiscal period, all but one other bank report lower results--likewise the top three (as
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