Profits and Balance-Sheet Developments of Japanese Banks in Fiscal 1996
Operating profits of Japanese banks in fiscal 1996 amounted to 6.4 trillion yen, 5 percent lower than in the previous year. This decline reflects a decrease in the net bond-related profits and in the net interest income of city banks. Excluding a temporary factor which contributed to an increase in profits on trust accounts, the decline in operating profits from the previous year was about 10 percent.