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Apr 30, 2001

The unwinding of Japan Inc.

As Japanese cross-shareholdings unwind, IROs are forced to learn a new practice: targeting investors. Plus this month's depositary receipts round-up

In the heart of Tokyo's crowded, frantic Shibuya Station where millions of people pass every day, there is a statue of Hachico the loyal dog. The statue commemorates a real-life dog who allegedly met his master here each day after work, and continued to wait nobly for several years after the man had died. Today the statue stands as a national symbol for loyalty, fraternity and dedication - traits Japanese culture holds in highest esteem.These traits have always solidified Japanese business

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