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Japan-Update

Japan state-backed bank, GE team on solar power fund

Fund would be biggest of its kind in country if it reaches target

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A solar power plant in Kanagawa Prefecture, with Mount Fuji in the background.   © Reuters

TOKYO -- The Development Bank of Japan and America's GE Energy Financial Services have established a fund that will invest in operating solar power plants, raising money from institutional investors looking for promising opportunities in a low-interest-rate environment.

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