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Economy

Japan's one-stop shop for Africa projects aims to match China

Permanent public-private council will cordinate investment in world's 'last frontier'

People walk in the Kenyan capital of Nairobi. The African Union is a $2.5 trillion economy that is continuing to grow. (Photo by Keiichiro Asahara)

TOKYO -- Japan will set up a permanent joint council between the government and private sectors to promote investment in Africa as it seeks to play catch-up with China, the U.S. and Europe in the increasingly promising region, government sources said on Thursday.

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