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Japan banks, life insurers hold 20 trln yen in unrealized stock gains - report.

Europe Intelligence Wire

| October 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From AFX Europe (Focus))

TOKYO (XFN-ASIA) - Paper profits from stocks, held by the six major banking groups and seven core life insurance firms, collectively stand at roughly 20 trln yen as of end-September, The Nihon Keizai Shimbun reported.

While unrealized profits declined about 1.4 trln yen from end-March, the gains continue to underpin stable finances, it said.

Paper profits on the banking groups' stockholdings fell 500 bln yen from the end of March to 7.9 ...

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