As the Bank of Japan ends its negative interest rate policy, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group are all expected to record profits for the fiscal year beginning in April. Japan's largest bank, Mitsubishi UFJ Financial Group, expects net profit to reach 1.5 trillion yen (9.6 billion US dollars), an increase of 0.7% over the previous year. Sumitomo Mitsui Financial Group expects net profit to increase 10% to 1.06 trillion yen; Mizuho expects profit to increase 10.5% to 750 billion yen.