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Profits at brokerages in Japan down 53% in FY 2000.

Publication: Japan Weekly Monitor
Publication Date: 18-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 13 Kyodo

Pretax profits by brokerage houses in Japan fell 53% to 594.52 billion yen in fiscal 2000 ended March 31 due to a sharp fall in commissions earnings caused by sagging stock prices, the Japan Securities Dealers Association said Wednesday.

Operating revenues slid 15% to 3,221.81...

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