• Kyodo News

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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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