JAPAN’S AEON TO EXPAND IN ASIA
June 1st, 2011
BY WANG FANGQING
LARGE Japanese retailer Aeon Group is to invest about Japanese Yen JPY200 billion (USD2.5 billion) from 2011 to 2013 for its expansion in Asia, including China, Malaysia and Vietnam. "As the Japanese economy slows down, we are actively looking for opportunities in other countries," said a Chiba-based Aeon spokesperson, adding fast developing Asian countries not only offer great opportunities, but also "are close to Japan geographically and share a similar culture, which is certainly an advantage for communication," she said. ...
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