NAGOYA (Kyodo) An investment fund led by bureaucrat-turned-financier Yoshiaki Murakami suggested department store chain Matsuzakaya Co. fire all full-time employees and close some stores, sources said Thursday.

The Murakami Fund, as it is known, made the informal pitch after taking a 5.46 percent stake in Matsuzakaya last year, becoming its top shareholder, the sources said.

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