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Japan economy contracts in 4th qtr

Japan economy contracts in 4th qtr

TOKYO, Japan - Japanese economic and fiscal policy minister Akira Amari holds a press conference in Tokyo on Feb. 14, 2013, on the country's gross domestic product data for the fourth quarter of 2012, released earlier in the day. Japan's economy shrank an annualized real 0.4 percent in October-December for the third straight quarterly contraction.

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Toyota raises profit outlook

Toyota raises profit outlook

TOKYO, Japan - Reporters swarm around Takuo Sasaki (L), managing officer of Toyota Motor Corp., after Sasaki released the company's latest earnings forecast at a press conference at the company's Tokyo head office on Feb. 4, 2014. Toyota revised upward its group operating profit projection for fiscal 2013 through March 2014 to a record 2.4 trillion yen from an earlier estimated 2.2 trillion yen, citing the yen's slide, robust sales in North America and cost-cutting measures.

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Toyota raises profit outlook

Toyota raises profit outlook

TOKYO, Japan - Takuo Sasaki, managing officer of Toyota Motor Corp., releases the company's latest earnings forecast at a press conference at the company's Tokyo head office on Feb. 4, 2014. Toyota revised upward its group operating profit projection for fiscal 2013 through March 2014 to a record 2.4 trillion yen from an earlier estimated 2.2 trillion yen, citing the yen's slide, robust sales in North America and cost-cutting measures.

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Toyota raises profit outlook

Toyota raises profit outlook

TOKYO, Japan - Takuo Sasaki, managing officer of Toyota Motor Corp., releases the company's latest earnings forecast at a press conference at the company's Tokyo head office on Feb. 4, 2014. Toyota revised upward its group operating profit projection for fiscal 2013 through March 2014 to a record 2.4 trillion yen from an earlier estimated 2.2 trillion yen, citing the yen's slide, robust sales in North America and cost-cutting measures.

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'Dangerous drugs' become major agent of drug abuse in Japan

'Dangerous drugs' become major agent of drug abuse in Japan

TOKYO, Japan - The Saitama prefectural psychiatric hospital treated more outpatients and inpatients for usage of what the government terms "dangerous drugs" -- drugs that are not banned by law in Japan but produce similar effects to illegal drugs -- than for usage of stimulant drugs in fiscal 2013, according to Nobuya Naruse, deputy director of the hospital seen in this photo.

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Hyogo assembly member cries during press conference

Hyogo assembly member cries during press conference

KOBE, Japan - Ryutaro Nonomura, a member of the Hyogo prefectural assembly, cries during a press conference in Kobe, western Japan, on July 1, 2014. Nonomura admitted to spending around 3 million yen without any receipts for 195 one-day business trips in fiscal 2013 through March.

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Hyogo assembly member cries during press conference

Hyogo assembly member cries during press conference

KOBE, Japan - Ryutaro Nonomura, a member of the Hyogo prefectural assembly, cries during a press conference in Kobe, western Japan, on July 1, 2014. Nonomura admitted to spending around 3 million yen without any receipts for 195 one-day business trips in fiscal 2013 through March.

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Panasonic's home rain gutters

Panasonic's home rain gutters

OSAKA, Japan - Panasonic Corp.'s residential rain gutters are shown in Ritto, Shiga Prefecture, on June 19, 2014. The company announced a plan to expand the sales of rain gutter products to 30 billion yen in fiscal 2018, 1.5 times of fiscal 2013.

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JOC awards for FY 2013

JOC awards for FY 2013

TOKYO, Japan - Figure skater Yuzuru Hanyu (R), judoka Masashi Ebinuma (C) and ski jumper Sara Takanashi hold their trophies at the Japanese Olympic Committee's award ceremony in Tokyo on June 6, 2014. Hanyu received the highest JOC award for fiscal 2013.

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Sharp returns to black in FY 2013

Sharp returns to black in FY 2013

TOKYO, Japan - Sharp Corp. President Kozo Takahashi holds a press conference in Tokyo on May 12, 2014, on the electronics maker's earnings results for fiscal 2013. Sharp said it returned to profitability in the business year ended March 2014 for the first time in three years, posting a group net profit of 11.56 billion yen, on increased sales of its mainstay liquid crystal display panels and solar batteries.

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Toyota's group operating profit hits record

Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Toyota's group operating profit hits record

Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Toyota's group operating profit hits record

Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Toyota's group operating profit hits record

Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Nintendo incurs 46 bil. yen operating loss in FY 2013

Nintendo incurs 46 bil. yen operating loss in FY 2013

OSAKA, Japan - Satoru Iwata, president of Nintendo Co., speaks about his company's earnings report for fiscal 2013 at a press conference in Osaka on May 7, 2014. Nintendo incurred a group operating loss of 46.43 billion yen in the fiscal year that ended in March due mainly to sluggish sales of its Wii U home video game console and software.

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Nintendo incurs 46 bil. yen operating loss in FY 2013

Nintendo incurs 46 bil. yen operating loss in FY 2013

OSAKA, Japan - Satoru Iwata, president of Nintendo Co., speaks about his company's earnings report for fiscal 2013 at a press conference in Osaka on May 7, 2014. Nintendo incurred a group operating loss of 46.43 billion yen in the fiscal year that ended in March due mainly to sluggish sales of its Wii U home video game console and software.

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Private-sector managed public library in Saga Pref.

Private-sector managed public library in Saga Pref.

SAGA, Japan - Visitors relax at Takeo City Library in Takeo, Saga Prefecture, on April 1, 2014, one year after the public library was reopened under the management of a private-sector entity. The total number of visitors to the library in fiscal 2013 ended March 31 reached 920,000, 3.6 times higher than the last fiscal year the library was open for a full 12 months under city management.

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Foreign caregiver in Japan

Foreign caregiver in Japan

YOKOHAMA, Japan - Ahmad Nurdiansyah, 28, an Indonesian caregiver, works at a nursing home for the elderly in Yokohama, near Tokyo, on March 18, 2014. Seventy-eight applicants from Indonesia and the Philippines, including Nurdiansyah, passed the fiscal 2013 national examination qualifying them to work as caregivers in Japan, the health ministry said March 27.

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Monkey 'Bentsu' was Oita park's major attraction

Monkey 'Bentsu' was Oita park's major attraction

OITA, Japan - Photo taken in late October 2013 shows then alpha male monkey "Bentsu" at the Takasakiyama Natural Zoological Garden in southwestern Japan. The monkey, which was declared dead in January after his disappearance, apparently helped the zoo attract more than 300,000 visitors in fiscal 2013 for the first time in six years.

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Fish stocks in decline

Fish stocks in decline

TOKYO, Japan - A January 2004 file photo shows a catch of Alaska pollack in the town of Rausu, Hokkaido. Japan's Fisheries Agency has reported low stocks of 36 of 85 major fish species in waters near Japan in fiscal 2013, including some 10 subject to a catch reduction recommendation.

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Gov't, ruling bloc agree on 95.88 tri. yen budget for FY 2014

Gov't, ruling bloc agree on 95.88 tri. yen budget for FY 2014

TOKYO, Japan - Prime Minister Shinzo Abe (R) speaks at a meeting of the government and ruling bloc top officials at the prime minister's office in Tokyo on Dec. 21, 2013. They approved the government budget plan for fiscal 2014 totaling a record-high 95.88 trillion yen.

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Gov't, ruling bloc agree on 95.88 tri. yen budget for FY 2014

Gov't, ruling bloc agree on 95.88 tri. yen budget for FY 2014

TOKYO, Japan - Finance Minister Taro Aso speaks to reporters at the prime minister's office in Tokyo on Dec. 21, 2013, after the government and the ruling bloc approved the government budget plan for fiscal 2014. The planned budget totals a record-high 95.88 trillion yen, up from 92.61 trillion yen the previous year.

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Gov't, ruling bloc agree on 95.88 tri. yen budget for FY 2014

Gov't, ruling bloc agree on 95.88 tri. yen budget for FY 2014

TOKYO, Japan - Prime Minister Shinzo Abe speaks at a meeting of the government and the ruling bloc at the prime minister's office in Tokyo on Dec. 21, 2013. At the meeting, a proposed government budget for fiscal 2014 totaling a record-high 95.88 trillion yen was approved.

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TPP minister Amari hospitalized

TPP minister Amari hospitalized

TOKYO, Japan - Photo shows Akira Amari, Japan's minister in charge of the Trans-Pacific Partnership free trade negotiations. Amari, who doubles as economic and fiscal policy minister, was hospitalized on Dec. 2, 2013, for medical checkups for three or four days, the Cabinet Office said.

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Japan sets new greenhouse gas emissions reduction target

Japan sets new greenhouse gas emissions reduction target

TOKYO, Japan - Japanese Environment Minister Nobuteru Ishihara holds a press conference at the ministry in Tokyo on Nov. 15, 2013, on a new greenhouse gas emission reduction target. The Japanese government decided the same day to aim at a 3.8 percent reduction from fiscal 2005 in its greenhouse gas emissions target for fiscal 2020, assuming the country's nuclear power plants remain offline. The new target represents an increase of about 3 percent from the Kyoto Protocol base year of fiscal 1990.

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TEPCO logs group net profit

TEPCO logs group net profit

TOKYO, Japan - Tokyo Electric Power Co. President Naomi Hirose gives a press conference on the utility's earnings in the first half of fiscal 2013 at the company's head office in Tokyo on Oct. 31, 2013. TEPCO reported a group net profit of 616.20 billion yen for the April-September period, swinging into the black on a half-year basis for the first time since the nuclear disaster at its Fukushima Daiichi complex in 2011.

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BOJ policy meeting

BOJ policy meeting

TOKYO, Japan - Haruhiko Kuroda (L back), governor of the Bank of Japan, holds a press conference after the BOJ's policy board meeting at the central bank's headquarters in Tokyo on Oct. 31, 2013. The BOJ said it expects the country's inflation rate to reach 1.9 percent in fiscal 2015, almost achieving its target of 2 percent in about two years, buoyed by its drastic monetary easing steps adopted in April 2013.

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BOJ policy meeting

BOJ policy meeting

TOKYO, Japan - Haruhiko Kuroda, governor of the Bank of Japan, holds a press conference after the BOJ's policy board meeting at the central bank's headquarters in Tokyo on Oct. 31, 2013. The BOJ said it expects the country's inflation rate to reach 1.9 percent in fiscal 2015, almost achieving its target of 2 percent in about two years, buoyed by its drastic monetary easing steps adopted in April 2013.

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Fuji Heavy expects record domestic output

Fuji Heavy expects record domestic output

TOKYO, Japan - Photo shows the Subaru XV Hybrid under production at a plant operated by Fuji Heavy Industries Ltd. in Ota, Gunma Prefecture. The automaker is heading for record domestic automobile output in the April-September half of fiscal 2013, due to strong sales in Japan and the United States, company officials said on Sept. 4, 2013.

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Fuji Heavy expects record domestic output

Fuji Heavy expects record domestic output

TOKYO, Japan - File photo shows the Subaru XV Hybrid made by Fuji Heavy Industries Ltd. The automaker is heading for record domestic automobile output in the April-September half of fiscal 2013, due to strong sales in Japan and the United States, company officials said on Sept. 4, 2013.

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Deflation in Japan on verge of ending

Deflation in Japan on verge of ending

TOKYO, Japan - Fiscal policy minister Akira Amari smiles during a press conference in Tokyo on Aug. 15, 2013 to discuss the government's monthly economic report. In the report, the government asserted that Japan is on the verge of escaping prolonged deflation.

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BOJ governor

BOJ governor

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda speaks during a press conference at the central bank's head office in Tokyo on Aug. 8, 2013. Kuroda said that Japan can overcome longstanding deflation even if the sales tax is increased as planned, and called on the government to make progress in securing fiscal health to ensure the effects of the central bank's monetary easing policy.

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BOJ governor

BOJ governor

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda speaks during a press conference at the central bank's head office in Tokyo on Aug. 8, 2013. Kuroda said that Japan can overcome longstanding deflation even if the sales tax is increased as planned, and called on the government to make progress in securing fiscal health to ensure the effects of the central bank's monetary easing policy.

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BOJ governor

BOJ governor

TOKYO, Japan - Bank of Japan Governor Haruhiko Kuroda speaks during a press conference at the central bank's head office in Tokyo on Aug. 8, 2013. Kuroda said that Japan can overcome longstanding deflation even if the sales tax is increased as planned, and called on the government to make progress in securing fiscal health to ensure the effects of the central bank's monetary easing policy.

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Medium-term fiscal plan

Medium-term fiscal plan

TOKYO, Japan - A meeting of the Council on Economic and Fiscal Policy is held at the prime minister's office in Tokyo on July 30, 2013. The government started discussions to map out its medium-term fiscal rehabilitation plan and draft an initial budget for the next fiscal year.

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JR West president

JR West president

OSAKA, Japan - West Japan Railway Co. President Seiji Manabe speaks during an interview with Kyodo News in Osaka, western Japan, on July 5, 2013. He said the company known as JR West is considering running luxury sleeper carriages for trips of a few days covering Kyoto, Hiroshima and elsewhere in the region in fiscal 2017.

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Economic policy minister Amari

Economic policy minister Amari

TOKYO, Japan - Economic and fiscal policy minister Akira Amari gives a lecture at the Foreign Correspondents' Club of Japan in Tokyo on June 20, 2013. Amari said postponing the planned sales tax hikes would be damaging to the credibility of government bonds.

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Japan PM in London

Japan PM in London

LONDON, United Kingdom - Japanese Prime Minister Shinzo Abe delivers a speech on his fiscal policy at the Guildhall in the City of London financial district on June 19, 2013, after attending the Group of Eight summit in Northern Ireland.

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Japan PM in London

Japan PM in London

LONDON, United Kingdom - Japanese Prime Minister Shinzo Abe delivers a speech on his fiscal policy in the City of London financial district on June 19, 2013, after attending the Group of Eight summit in Northern Ireland.

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Japan PM in London

Japan PM in London

LONDON, United Kingdom - Japanese Prime Minister Shinzo Abe delivers a speech on his fiscal policy in the City of London financial district on June 19, 2013, after attending the Group of Eight summit in Northern Ireland.

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Economic policy minister Amari

Economic policy minister Amari

TOKYO, Japan - Economic and fiscal policy minister Akira Amari gives a lecture at the Japan National Press Club in Tokyo on June 19, 2013. Amari, considered close to Prime Minister Shinzo Abe, expressed the view that the premier will reshuffle his Cabinet after the House of Councillors election in July, aiming to strengthen its function to promote economic reforms.

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Japan to ratify child custody pact

Japan to ratify child custody pact

TOKYO, Japan - The House of Councillors approves a bill necessary for Japan to join an international treaty to help settle cross-border child custody disputes, during a plenary session in Tokyo on May 22, 2013. Japan plans to ratify the 1980 Hague Convention on the Civil Aspects of International Child Abduction by the end of the fiscal year through March 2014.

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Japan's initial budget for FY 2013 enacted

Japan's initial budget for FY 2013 enacted

TOKYO, Japan - (From R) Prime Minister Shinzo Abe, Finance Minister Taro Aso and economic revitalization minister Akira Amari bow after parliament enacts Japan's 92.61 trillion yen ($906.2 billion) budget for fiscal 2013, in the Diet in Tokyo on May 15, 2013.

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Olympus returns to black in FY 2012

Olympus returns to black in FY 2012

TOKYO, Japan - Hiroyuki Sasa, president of Olympus Corp., holds a press conference in Tokyo on May 15, 2013, to release the company's earnings for fiscal 2012. Olympus said it returned to the black in the year ended March 31, 2013, with a group net profit of 8.02 billion yen, compared with a loss of 48.99 billion yen in the previous year, due partly to an improvement in its medical business.

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Sony posts 1st net profit in 5 yrs

Sony posts 1st net profit in 5 yrs

TOKYO, Japan - Sony Corp. Chief Financial Officer Masaru Kato speaks during a press conference at the Tokyo Stock Exchange in Tokyo on May 9, 2013. Sony posted a group net profit of 43.03 billion yen for fiscal 2012 ended in March 2013, returning to the black for the first time in five years, citing sales of assets and the benefit of a weaker yen.

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Sony posts 1st net profit in 5 yrs

Sony posts 1st net profit in 5 yrs

TOKYO, Japan - Sony Corp. Chief Financial Officer Masaru Kato (2nd from front in left row) speaks during a press conference at the Tokyo Stock Exchange in Tokyo on May 9, 2013. Sony posted a group net profit of 43.03 billion yen for fiscal 2012 ended in March 2013, returning to the black for the first time in five years, citing sales of assets and the benefit of a weaker yen.

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Toyota expects 36% profit jump

Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda (L) and Nobuyori Kodaira, an executive vice president, attend a press conference in Tokyo on May 8, 2013, to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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Toshiba's profit rises 10%

Toshiba's profit rises 10%

TOKYO, Japan - Makoto Kubo, senior managing director of Toshiba Corp., releases the company's earnings report for fiscal 2012 at a press conference in Tokyo on May 8, 2013. Toshiba's group net profit for the year to March 31, 2013, rose 10.7 percent from the previous year to 77.53 billion yen despite a 4.9 percent fall in sales to 5.8 trillion yen.

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Toyota expects 36% profit jump

Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda ends a press conference in Tokyo on May 8, 2013, held to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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Toyota expects 36% profit jump

Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda is surrounded by reporters after a press conference in Tokyo on May 8, 2013, held to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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