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The Bank of Japan said it posted a record low net profit of Y52.1 billion in fiscal 2010, because the yen's rise eroded the value of its investment in foreign securities. The sharp decline from its previous years' net profit of Y367.1 billion was mainly due to lower profits and higher losses incurred by foreign exchange transactions amid the appreciation of the yen. The losses from forex fluctuations totaled Y481.0 billion in fiscal 2010, more than double the Y218.5 billion seen in fiscal 2009.
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