Retail in Asia

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Toshiba looks to expand overseas

Toshiba Corp. said on Tuesday it will aim to raise its overseas sales ratio to 63 percent by fiscal 2012 from 55 percent in fiscal 2009 by tapping into growing demand in emerging countries.

The company will make investments and loans totalling JPY1.3 trillion (USD14.03 billion) over the next three years through fiscal 2012, up 74 percent from fiscal 2009, as it pours resources into growth areas like next-generation rechargeable batteries.