Japan's megabanks raise annual earnings forecasts, flag data centre slowdown risk

Channel Newsasia13 Nov 2026, 10:24 PKTvia NewsData.io

TOKYO, Nov 13 : Sumitomo Mitsui Financial Group and Mizuho Financial Group on Friday raised their profit forecasts for the financial year but flagged the prospect of a slowdown in investment into AI data centres.SMFG boosted its annual earnings forecast to 1.9 trillion yen from 1.7 trillion yen and expanded

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