Friday, November 23, 2007 6:56 pm | 
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Japan Tobacco to pay $1 billion for frozen-food maker
Japan Tobacco, the biggest cigarette company in the nation, agreed Thursday to buy Katokichi, a frozen-food maker, for ¥109 billion, or $1 billion, to double food sales as the number of smokers dwindles in its home market.
[INTERNATIONAL HERALD TRIBUNE]
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Japan stocks decline as recession dents demand for materials 
While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
