TOKYO: Shares in Japan's top banks more than doubled in value in the financial year that ended on Wednesday, and should chalk up further gains in the coming year as the country's economic recovery gathers pace, analysts say.
In sharp contrast with the past two years, Japan's top seven banking groups enjoyed a calm end to 2003/04 thanks to a hefty jump in the overall stock market during the year, which boosted unrealised profits to give them a further hedge against risks.
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