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Mizuho to write off latent losses on derivative trading.

Publication: Japan Weekly Monitor
Publication Date: 31-DEC-01
Format: Online - approximately 202 words
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 28 Kyodo

The Mizuho Financial Group has decided to write off all unrealized losses in derivative transactions by using ''merger profit'' that results when it reorganizes its group banks in April, company officials said Friday.

The group consisting of Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial...

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