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Business trends

Corporate Japan's overseas retained earnings hit record high

Companies keep war chests full for foreign investment

Japanese companies are keeping more of their foreign earnings abroad to fund business expansion.

TOKYO -- Retained earnings at Japanese companies' overseas subsidiaries rose 15.4% to 4.42 trillion yen ($41.3 billion) last year, as a robust global economy spurs multinationals to invest more abroad.

The figure, taken from balance of payments data compiled by the Bank of Japan, marks the highest annual tally in comparable data going back to 1996.

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