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Toshiba update

Orix Corp., one of the biggest members of the Japan Industrial Partners (JIP) group, is planning to reduce its financial contribution to the group

  • The JIP group had recently made its offer to buy Toshiba
  • Orix, which is becoming wary of the deal, will apparently reduce its commitment from 300 billion yen to only 200 billion yen ($1.48 billion), according to Reuter News Service

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