Mizuho Sees Profit Falling 11% as Negative Rates Hit Margins

Updated on
  • Japanese bank is less pessimistic about outlook than analysts
  • Sumitomo Mitsui sees earnings rebounding from unexpected drop

Mizuho Financial Group Inc., Japan’s second-biggest lender by assets, forecast net income will decline 11 percent to a four-year low as the central bank’s negative interest-rate policy squeezes loan profitability.

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