Friday, August 17, 2007 6:30 pm | 
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JR East, KDDI shares rise on ‘defensive’ purchases
East Japan Railway Co., the nation’s largest train operator, KDDI Corp. and Fast Retailing Co. led gains in Japan’s domestic demand-related stocks as investors sought to minimize risk amid slides in global stock markets.
[BLOOMBERG]
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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.
