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Small Japan firms dying out as successors elude ageing owners

Tuesday, October 4, 2016 - 05:50

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Mr Watanabe has closed a chalk-making business in Nagoya that his family had operated for more than 80 years. He says that none of his three daughters wants to take over the firm.

Tokyo

JAPAN'S small firms, many of which are "mom-and-pop" operations, are dying out as their ageing owners struggle to find successors, in another sign that the fast-ageing population is taking its toll on the world's third-largest economy.

Prime Minister Shinzo Abe has targeted

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