Citigroup `Not Too Pessimistic' About Japan Banks

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Aug. 1 (Bloomberg) -- Kenji Abe, an equity strategist at Citigroup Global Markets Japan Inc., talks about the outlook for Japanese corporate earnings and stocks. Profits at Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. beat analysts’ estimates, showing Japan’s megabanks are withstanding a slump in Europe that hurt income at Deutsche Bank AG and UBS AG. Abe speaks in Tokyo with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)