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Japan-Update

Mitsui CEO outlines investment to cut reliance on resources

Trading house's three-year plan eyes tech innovations for infrastructure, retail

TOKYO -- Major Japanese trading house Mitsui & Co. looks to spend 1 trillion yen ($8.8 billion) in areas such as machinery, infrastructure and chemicals over the next three years in a realignment away from the resources segment, President and CEO Tatsuo Yasunaga told The Nikkei in a recent interview.

"We will tackle the reorganization of our business structure as the top priority to prevent our earnings from being significantly influenced by resource prices," Yasunaga said, describing the key goal in the company's recently released medium-term business plan through March 2020.

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