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Economy

Half of Japan's regional banks mark second year of losses

Rock-bottom interest rates weigh on earnings

Branches of regional banks line the street in the northern Japanese city of Ishinomaki, Miyagi Prefecture. (Photo by Keiichiro Asahara)

TOKYO -- About half of Japan's 106 regional banks incurred a loss from their core operations for at least two years in a row, the Financial Services Agency reported Wednesday, highlighting the broad impact of the country's ultralow interest rates.

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