Bloomberg's Mike Firn reports from Fujisawa, Japan, about Panasonic Corp.'s plans for the nation's first so-called smart town, which will showcase the company's household technologies. The plans are part of Panasonic's effort to expand business built on energy-related products and to cut its reliance on television sales, as intensified competition erodes prices. Japan's worst earthquake and tsunami cut power supplies across the country and boosted demand for energy-saving devices.
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