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Panamanian President Juan Carlos Varela said Monday in Tokyo it is unjust of the global community to attack his nation over the so-called Panama Papers, as it is in the process of negotiating tax information exchange agreements with other countries, including Japan, to enhance the transparency of its financial system.

Panama has been in the spotlight since the papers came to light earlier this month. A trove of 11.5 million leaked documents revealed that a Panama-based law firm, Mossack Fonseca, helped foreign politicians and the rich and famous hide their assets in offshore companies based in tax havens.

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