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Mizuho: Behind The Revised Earnings For Year End

Mizuho Financial Group Inc., one of Japan’s largest banks, has revised its profit forecast for the fiscal year ending on March 31.

Illuminated signage for Mizuho Bank Ltd., a unit of Mizuho Financial Group Inc. (MHFG), displayed outside a branch at night in Tokyo, Japan. Photo: File Photo

The bank now expects a net income of 640 billion yen ($4.2 billion), which would be its highest in eight years.

The upward revision is attributed to gains in investment banking and trading, as well as the favorable impact of a weaker yen.

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