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Japan-Update

Itochu climbs aboard China's Belt and Road Initiative

Japanese company uses improved logistics to start Japan-Europe freight service

TOKYO -- Japanese trading house Itochu is launching a freight transport service linking Japan and Europe via China. The move comes after the company concluded that beefed-up logistics networks under China's Belt and Road Initiative would increase cargo movement.

The service, which will use existing local railway logistics between China and Europe, will begin by the end of March. Itochu Logistics, a subsidiary of Itochu, had conducted trials of the Japan-Europe freight service since January.

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