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Japan-Update

ANA to plow $16bn into new aircraft and technology

Investment will help improve efficiency amid labor shortage

More aircraft will help ANA Holdings expand its network of international routes.

TOKYO -- ANA Holdings will invest about 1.7 trillion yen ($15.9 billion) over the next five years to introduce labor-saving technologies and purchase aircraft needed to expand international service.

The investment target for fiscal 2018 to fiscal 2022, announced Friday, represents a roughly 30% jump from the previous five-year period.

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