Fire Ant Fears Boost Japan Pesticide Maker to 30-Year High
- Japan finds poisonous, potentially fatal pest for first time
- Shares of pesticide maker Fumakilla, exterminator Sanix surge
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Despite the threat of North Korean missiles, seismic instability and economic malaise, a smaller but potentially fatal danger has been dominating news in Japan: the fire ant.
Concerns over the spread of the poisonous pest, found for the first time in the country this year, have made national headlines and boosted shares in pesticide maker Fumakilla Ltd. to their highest level since the nation’s 1980s asset bubble.