"Our business in Europe is relatively weak nearly zero so through this acquisition, we can expect new business development in addition to our current network in Asia, the Middle East and Japan, " Yoshihiko Miyauchi, Orix's chairman and chief executive, said at a news conference.

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He served as senior trade development representative in the Africa, Near East, South Asia (ANESA) region during the Reagan Administration.

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"The current development, especially the deployment of missile-defense systems in East Asia would be, in Chinese eyes, would be a very, very disturbing factor having implications for the calculation of China's nuclear and strategic arsenal, " said Maj.

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