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Japan's big five trading houses to sell off assets
Heavy writedowns in wake of commodity slump shift focus to cash
Published Fri, May 15, 2015 · 09:50 PM
Tokyo
JAPAN's big trading houses, stung by large asset writedowns in the wake of the global commodities slump, plan to step up asset sales and wind back investment spending by up to US$10 billion over the next three years.
The changes will mean reduced spending on energy and minerals projects, and a tighter rein on growth as existing assets are sold to help fund expansio…
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