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OSAKA (Kyodo) Suntory Ltd. plans to spend about ¥200 billion on mergers and acquisitions of beverage and food makers, mainly in Asia and Oceania, to strengthen its overseas operations, President Nobutada Saji said.

As the domestic market is shrinking due to Japan’s graying population, Suntory aims to expand its business overseas through M&As with the help of the strong yen, Saji said in a recent interview.

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