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Mitsubishi Sees 3 Years Needed for Shift From Commodities

  • Portfolio being rebalanced to buffer declines in resources
  • Aims to invest 1.5 trillion yen in non-resources business
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Japan’s biggest-trading house has had its fill of commodities.

After posting the first annual loss in its post-World War II history amid the collapse in commodity prices, Mitsubishi Corp. is shifting away from raw materials to make sure it never happens again. That process is going to take at least three years, according to Chief Financial Officer Kazuyuki Masu.