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Japan Post Bank Co. said Wednesday its first-half profit rose about 20 percent on increased returns from bond investments, including government debt.

Net income rose to ¥372.6 billion for the six months to Sept. 30, from ¥309.2 billion a year earlier, the Tokyo-based company said. Post Bank, independent since October when the postal system was privatized and split into three parts, has about ¥181 trillion in deposits, the most in the world.

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