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Prologis Inc., the world’s biggest warehouse owner, plans to increase rents and spend as much as $600 million a year to develop facilities in Japan as Prime Minister Shinzo Abe pursues policies to boost corporate confidence.

The company expects rents to rise about 3 percent annually “for a while” and will invest $500 million to $600 million a year in warehouses, said Hamid Moghadam, chairman and chief executive officer of San Francisco-based Prologis.

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