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How S&P Global Ratings Views Japan-Based Trading Companies’ Strategic Shift Toward Nonresource Bus

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Prolonged low prices of resources such as oil and metals have compelled general trading and investment companies (GTICs) in Japan to restructure their business portfolios. How do we view their strategic shift toward the nonresource sector, including recent issuances of hybrid bonds and loans? Hiroki Shibata, Director of Corporate Ratings in Japan explains.
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