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Business deals

Furniture chain Otsuka Kagu in tie-up talks with Taiwan investors

Troubled Japanese retailer seeks financial help and overseas marketing

In addition to marketing to Asian tourists who flock to its stores in Tokyo and Osaka, Otsuka Kagu seeks to broaden sales through retailers and hotels abroad. (Photo by Taizo Wada)

TOKYO -- Japanese furniture retailer Otsuka Kagu is negotiating for financial assistance and an operational partnership with a group of Taiwanese companies in the face of stiff competition from more affordable rivals.

But with the two sides yet to delve into specifics, it is unlikely that any agreement would be reached before the beleaguered company releases results for the first half on Tuesday.

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