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Business deals

Malaysia high-speed rail cancellation a blow to Japan's 'shinkansen' exports

JR East consortium had high aspirations for the $15bn project

Japanese rail companies were hoping to export shinkansen bullet trains to Malaysia.

TOKYO -- Malaysia's decision to scrap a planned high-speed rail link from Kuala Lumpur to Singapore has blindsided Japanese contractors looking to cash in on the $14.8 billion project.

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