Japan's Banking Crisis By The Loan-to-07 Fiscal Year Earnings By 37%

Tokyo - June 28 - Japan's National Banking Association recently released data showed that the United States, loan-to-crisis, the banking sector last year, Japan's total net profit decreased by 37.5 percent, was 2.1246 trillion yen (about 108 yen for one U.S. dollars).

Six commercial banks in fiscal 2007 (April 2007 to March 2008) net profit decreased by 47.4%, 64 local banks and seven trust banks were reduced by 31.2 percent year-on-year and 25.8 percent , And 45 second place turn into bad debts due to banks mortgage payments, and other factors, net profit increased by about 2.4 times.

Data also showed that the 07 year due to the Bank of Japan raising interest rates and other reasons, the National Bank of funds operation income increased 1.2 percent year-on-year. The shares fell as trust and investment led to sluggish sales of products to fee-based intermediate business income has decreased by 9.6%.

Data also shows that, since the banks to strengthen the business and an increase of business outlets and related posts, the Japanese fiscal year on the number of staff of the bank increased by 1.4% year-on-year to 286,000, is the first increase in 14 years.