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Mebuki Financial Group Inc. started operations as the whollyowning parent of Joyo BankLtd. and AshikagaBank Ltd.
The move came after Joyo Bank and Ashikaga Bank their businessoperations. The company has ¥117.4 billion in capital, according to an Oct. 1release.
As of Sept. 30, US$1was equivalent to ¥101.24.