• Kyodo News


Shinginko Tokyo, the bank founded by the Tokyo Metropolitan Government in 2005 at the urging of Tokyo Gov. Shintaro Ishihara, reported Friday an unconsolidated net loss of more than ¥10 billion in fiscal 2008, its fourth straight year of losses.

But the ¥10.5 billion loss shrank compared with the ¥16.7 billion in red ink the bank logged the previous year, and is below its earlier projected loss of ¥12.6 billion.

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