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MUFG said net interest income, or profits from lending, atits banking units rose to 316.1 billion yen during the firstquarter from 297.6 billion yen a year earlier. Mizuho said netinterest income at its core banking units rose by 11.5 billionyen to 241.7 billion yen. But the gains were mostly from growthin overseas lending. The yen's fall under Abenomics has drivenup the yen value of Japanese companies' overseas earnings.
last-modified: 2021-03-13 00:01:20