Monday, March 17, 2008 7:15 am | 
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Shinginko’s running costs equivalent to 40% of losses
The total operating costs of Shinginko Tokyo bank were equivalent to nearly 40 percent of the 126 billion yen in losses the bank has accumulated since it started business in April 2004, it has been learned.
[YOMIURI]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
