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World becomes cheaper for Japanese firms

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With Japanese companies sitting on record cash of 241 trillion yen and dim growth prospects at home, Canon Inc to Hitachi are making investments overseas.

Tokyo

WITH global stocks crashing and the yen rising against 13 of 16 major currencies in the past week, the world just became cheaper for Japan's cash-rich companies.

Buoyed by low funding costs at home, the nation's firms announced US$70.2 billion in overseas acquisitions this