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OSAKA — In 1977, the yen’s rise forced Showa Plastics Co. to set up its first overseas factory. The Osaka-based plastic components maker said there was “no (other) choice.”

Now, opening the Singapore factory has turned out to be the best decision the firm could have made. Kenzo Nakagawa, president and chief executive of the company, said overseas investment and expansion is the best way to reduce business risks and increase management stability. “We want to be viewed both as a multinational company that originated in Japan and as a nonnational company based in Asia,” Nakagawa said in a recent interview.

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