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Business

Hokkaido resort for rich foreigners planned

TOKYO -- A Mori Trust group investment company will develop a large extended-stay resort in Hokkaido targeting affluent visitors to Japan.

MA Platform, funded solely by Mori Trust President Akira Mori, will spend 60 billion yen ($575 million) on the project, aiming for partial opening in 2020 and completion in 2026, the year Hokkaido's capital of Sapporo hopes to host the Winter Olympics.

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