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The Wall Street Journal: Japan may divest its stake in maker of iPhone displays

TOKYO — Japan’s industry minister said the government would consider divesting its stake in a money-losing maker of smartphone displays unless the company can demonstrate it is more than just a commodity supplier to Apple Inc.

The comment by Hiroshige Seko, a confidant of Prime Minister Shinzo Abe, comes as Japan Display Inc. 6740, -1.81% is in talks about getting further support from its top shareholder, government-backed fund Innovation Network Corp. of Japan. Japan Display, a top supplier of displays for Apple’s AAPL, -0.01% iPhones, recorded losses in the past two business years because of tougher competition, a stronger yen and slowing iPhone sales.

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