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Business deals

Japan Post to invest $2.6bn to make US insurer Aflac an affiliate

Postal giant seeks overseas expansion amid shrinking domestic market

TOKYO -- Japan Post Holdings will spend about 300 billion yen ($2.64 billion) to acquire 7% to 8% of U.S. insurer Aflac, with plans to make it an affiliate after four years, Nikkei learned on Thursday.

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