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This just in from our sources in Japan. The long rumored and supposed partnership between Daiwa Japan and Megabass is now official. Yuki Ito, founder and president of Megabass, has been brought into Daiwa Japan HQ to run their Research and Development operation. He will be in charge of new lures and rods for the mid level market. In return, Megabass is given full access to Daiwa's reel manufacturing capability. Ito also now owns a stake in Daiwa taking possession of a certain percentage of company's stock.