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Panasonic exits vending machines as market shrinks

Japan's No. 3 player failed to improve profitability amid growing competition

Vending machines are a ubiquitous sight in Japan, but their numbers are falling as the country's population shrinks. (Photo by Hisashi Iwato)
HISASHI IWATO, Nikkei staff writer | Japan

OSAKA -- Panasonic will stop making and selling vending machines within the year as fierce competition in Japan's contracting market limits future growth.

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