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Major travel agents Japan Travel Bureau Inc. and Carlson Wagonlit Travel of the United States have agreed to establish a Tokyo-based joint venture to handle travel and expense management for corporate clients, the companies said Monday.

JTB, the nation’s largest travel agency, and the CWT group, the largest travel agency franchiser in North America, will set up JTB Business Travel Solutions Inc. with the capital of 490 million yen in January.

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