'Positive Story' in Japan's Mega Banks Seen, Morningstar Says

The video discusses the recent performance of Japanese banks, highlighting that while profits were not bad, they were largely driven by bond sales due to declining US interest rates. Asset quality is becoming a concern, with provisions being made for potential future deterioration. Mizuho has taken significant writedowns, impacting its financial base. Despite challenges, there are opportunities in improved corporate governance and increasing shareholder returns.

What impact did the changes in accounting standards have on credit costs in Japan?

What positive changes are being observed in Japanese banks regarding shareholder returns?