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China Daily | Updated: 2008-09-03 07:28
Japan enters talks
Japan has begun talks with sovereign wealth funds in the Middle East to raise as much as 100 billion yen ($927 million) to boost foreign investment that is less than a quarter that of the US
Officials have met with state funds, including Saudi Arabian Investment Co, in oil-producing nations to create a 200 billion yen fund to which Japan will provide half the initial capital from its budget in the next two years, a senior official at the Ministry of Economy, Trade and Industry said.
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