Japan megabanks aided by stockmarket rally

摘要

A steadily improving Japanese economy and a stockmarket rally helped to counter the impact of low interest rates on two of the country's major banks, boosting their bottom lines in the third quarter. Sumitomo mitsui financial croup, Japan's second-largest bank by market valuation, and mizuho financial group, the third-largest lender, both reported hefty gains in their stock portfolios last week.