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With the industrial web of cross-shareholdings unraveling, major commercial banks remained net sellers of stocks for the fifth straight month in August.

Long-term credit banks, city banks and regional banks as a whole sold 376.6 billion yen more shares than they bought on the Tokyo, Osaka and Nagoya stock exchanges, according to a weekly industry report. This roughly constituted a three-fold increase on the previous month’s level, the report says.

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