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Online brokerage Monex Inc. said Wednesday it plans to absorb Saison Securities Co. of the Seibu Saison retail group next year to become Japan’s No. 3 online brokerage service provider in terms of number of accounts managed.

Monex, established in 1999 by Sony Corp. and other investors, will also tie up with another member of the Saison group, Credit Saison Co., the largest consumer credit-card issuer in the nation, the company said.

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