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Tuesday, 31 May 2011

Japan to invest in quake-struck auto-parts industry

May 30, 2011

(FT) -- The state-backed Development Bank of Japan is setting up a fund that could be as large as $619m to help the country's auto-parts industry to recover from the March 11 earthquake and tsunami.

Disruption to the auto supply chain caused the country's biggest disaster since the second world war has underscored just how important Japanese auto-parts makers are to domestic and global vehicle manufacturers, from General Motors to Toyota.


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