TOKYO — Mitsubishi UFJ Financial Group Inc. Tuesday reported net losses in the fiscal year ended March, the last of Japan's top three banks to slip into the red due to the country's economic downturn and weak stockmarkets. But the bank said it expects to post a net profit this year, as the economy picks up.

Hurt by increased bad loans and sizable losses on its equity holdings, Japan's largest bank by assets posted a net loss of Y256.95 billion for the 12 months to March, compared with a Y636.62 billion net profit a year ago.

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