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TOKYO, April 30 Daiwa Securities Group Inc
on Wednesday reported a 31 percent fall in
fourth-quarter profit after investors lost enthusiasm in
government economic policies that sparked a surge in stock
prices last year.
Daiwa, Japan's second-largest broker after Nomura Holdings
Inc, booked a net profit of 33.2 billion yen for
January-March from 48.8 billion yen in the same period a year
The result compared with the 30.7 billion yen mean estimate
of 2 analysts polled by Thomson Reuters.
(Reporting by Ritsuko Ando and Nathan Layne; Editing by