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Companies

Lotte to invest $1.2bn in Japan to satisfy tourists' sweet tooth

Ice cream, chocolate and candy are popular items among visitors

Lotte will expand supplies of such mainstay items as chocolate.

TOKYO -- Confectionery maker Lotte is planning about 130 billion yen ($1.18 billion) in capital investment over the five years through fiscal 2023 in Japan, expanding supplies of such mainstay items as ice cream and chocolate.

The company also aims to step up exports of Japanese candy, which is growing in popularity abroad as visitors buy it on trips here. Lotte will export its Yukimi Daifuku mochi glutinous-rice ice cream to North America, for example.

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