Japan News
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Goldman Sachs Group Inc. is on its way to taking the top spot among advisers on Japanese takeovers for the first time in five years, supplanting Nomura Holdings Inc., as companies striving to compete globally turn increasingly to foreign investment banks.
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T&D; Asset Management Co., with about $27 billion in assets, closed its Japan-focused hedge fund because of higher-than-expected trading costs and returned money to clients, according to four people familiar with the matter.
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Japan Tobacco Inc., the world’s third-biggest publicly traded cigarette maker, may raise its dividend payout target to trim gaps with rivals including Philip Morris International Inc. and British American Tobacco Plc.
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Olympus Corp. ousted its first non- Japanese president after less than seven months in the job, sending shares of the camera and medical-equipment maker plunging the most in 37 years.