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About 40 business leaders, scholars, bureaucrats and leaders of nongovernmental organizations on Friday inaugurated an institute to enrich their understanding of contemporary issues and to find important values for the 21st century through discussions of great philosophical and classic literary works.

The formal inauguration of the Aspen Institute of Japan is part of a worldwide effort that began in the United States nearly a half-century ago to develop great leaders who are not oriented to business and economic values.

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