Exact(55)
The projected loss is nearly nine times the initial forecast.
The figure would be a marked increase from an earlier projected loss of ¥280 billion.
To make up for that projected loss in revenue, he plans to close tax loopholes.
A more gloomy set of assumptions brings a projected loss for the year of nearly £1m.
It more than halved its projected loss from ¥450bn down to ¥200bn.
The projected loss, which excludes unusual items, translates to $2.38 a share.
Similar(5)
Still, the projected losses are half the record $11 billion loss expected for 2009.
There is a similar distribution for incapacity benefits, tax credits and projected losses from welfare cuts.
The $2.7 trillion isn't, as it seems to be, the total projected losses for U.S. banks.
It is part of a nationwide cost-cutting effort meant to offset projected losses.
Still, the projected losses are half the record $11 billion expected for 2009.
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