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Mitsubishi Corp. faces investor backlash over Vietnam coal plant

Asset managers pressure Japan's trading houses to withdraw from Asia projects

A coal-fired plant in Paiton, East Java, Indonesia. For more than a decade corporate Japan has been backing the government's diplomatic strategy in Southeast Asia by pitching in on power plants.

TOKYO -- A group of mostly European asset managers has pitted investors' heightening climate change concerns against the Japanese government's strategy to counter China in the expanding economies of Southeast Asia and in the critical shipping lanes of the South China Sea.

Caught in the kerfuffle are Japan's big trading houses and banks.

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