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Business deals

Japan Post bets on Aflac deal for a shot at redemption

Group seeks new avenue for growth after massive write-downs for Toll

Japan Post Holdings CEO Masatsugu Nagato, right, speaks at a news conference Wednesday with Aflac CEO Dan Amos in Tokyo.

TOKYO -- Japan Post Holdings is once again taking the offensive with a large-scale investment in U.S. insurer Aflac, hoping that the new deal will yield more success than its 2015 acquisition of struggling Australian logistics company Toll Holdings and deliver a much-needed boost to flagging earnings at home.

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