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(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 ...