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Japan’s FANG Trio Have No Teeth

Shuli Ren
Japan’s FANG Trio Have No Teeth

With technology stocks in the U.S. hitting another record this month, Japan’s equivalent of the FANG group may appear too cheap to ignore. Portal operator Yahoo Japan Corp. and e-commerce company Rakuten Inc. have tumbled more than 25 percent this year, while instant-messaging service Line Corp. has lost about 11 percent.