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December 26, 1988 | From Financial Times
Japan Line and Yamashita-Shinnihon Steamship, two of Japan's leading shipping groups, have agreed to merge. The agreement, due to be completed by June 1, is the largest merger deal between Japanese shipping companies since the government led a reorganization of the industry in 1964. The deal also comes against the background of a lingering slump in the shipping industry and renewed efforts by the government to promote restructuring.
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BUSINESS
December 26, 1988 | From Financial Times
Japan Line and Yamashita-Shinnihon Steamship, two of Japan's leading shipping groups, have agreed to merge. The agreement, due to be completed by June 1, is the largest merger deal between Japanese shipping companies since the government led a reorganization of the industry in 1964. The deal also comes against the background of a lingering slump in the shipping industry and renewed efforts by the government to promote restructuring.
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