TOKYO -- Japanese trading house Itochu is set to invest in an automotive loan company in Thailand, betting on the medium-term growth prospects of the country's middle classes, Nikkei Asia has learned.
Business deals
Japan's Itochu to invest in Thai used car loan company, bet on middle class
ASEAN member's second hand market is expected to surge as new car sales shrink
Thailand's middle classes increasingly want the convenience of owning a car, but many prefer to save money by buying used vehicles.
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