U.S. pulls further ahead of China as Japan investment destination

Homebuilders and food companies move in closer to American consumers

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Single-family homes under construction in California. Japanese homebuilders have stepped up investment in the U.S. © Reuters

TAKAFUMI HOTTA and HIROKO NISHIMURA, Nikkei staff writers

NEW YORK -- From homes to food, Japanese companies are chasing growth in the U.S. with investments that home in on robust American consumer spending.

These moves by names like Sekisui House, one of Japan's biggest homebuilders, come as Japanese companies cut back on investment in China.

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