{"product_id":"pigeon-pestle-analysis","title":"Pigeon PESTLE Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMake Smarter Strategic Decisions with a Complete PESTEL View\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eDiscover how political shifts, economic trends, and technological advances are shaping Pigeon's future with our concise PESTLE snapshot—perfect for investors and strategists who need fast, actionable insight; purchase the full analysis to access the complete breakdown, editable charts, and data-driven recommendations for immediate use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eolitical factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitical tensions between Japan and China\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAs Pigeon earns roughly 30% of FY2024 revenue from China, renewed Tokyo-Beijing tensions risk supply-chain disruptions and a decline in consumer sentiment; 2024 trade frictions saw informal boycotts cut Japanese consumer goods sales in China by up to 12% in affected categories. Tariff or non-tariff barriers tied to territorial disputes or alliance shifts could amplify volatility. Management should localize manufacturing, marketing, and product lines in China to protect brand loyalty against nationalist backlashes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment subsidies for childcare in Japan\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Japanese government increased childcare subsidies and expanded facilities, with the 2024 budget allocating about ¥2.6 trillion to childcare and family support and enrollment capacity rising by 120,000 spots in 2023–24, directly boosting demand for Pigeon’s nursing bottles and skincare in Japan.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eImport and export regulations in Southeast Asia\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePigeon’s expansion into Indonesia and Vietnam faces ASEAN tariff fluctuations—ASEAN trade facilitation reduced intra-regional tariffs to under 5% on average by 2024, but sector-specific duties and non-tariff barriers still raise input costs by an estimated 3–7%. Political stability scores (World Bank WGI) show Vietnam 0.3 and Indonesia -0.1 in 2023, impacting supply-chain delays and insurance premiums. Local manufacturing mandates and local content rules can cut import costs up to 15% if complied with, improving competitiveness against regional firms.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal healthcare policy shifts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eInternational bodies and 85+ countries tightened marketing codes for breast milk substitutes since 2020, boosting breastfeeding promotion; WHO\/UNICEF campaigns reached 60+ million caregivers in 2024.\u003c\/p\u003e\n\u003cp\u003ePigeon emphasizes pumps, lactation aids and silicone nipples, aligning with policy shifts to reduce exposure to formula marketing and capturing a segment growing ~6% CAGR (global breast pump market ~$1.9B in 2024).\u003c\/p\u003e\n\u003cp\u003eAlignment reduces regulatory risk versus formula makers, lowering compliance costs and reputational risk while supporting sales resilience in regulated markets.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e85+ countries tightened marketing codes since 2020\u003c\/li\u003e\n\u003cli\u003eWHO\/UNICEF outreach ~60M caregivers (2024)\u003c\/li\u003e\n\u003cli\u003eGlobal breast pump market ~$1.9B (2024), ~6% CAGR\u003c\/li\u003e\n\u003cli\u003ePigeon focus cuts regulatory and reputational risk versus formula firms\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTaxation and corporate governance reforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpjapan corporate tax guideline revisions and governance transparency drive have pressured pigeon capital allocation increasing compliance spend by an estimated prompting clearer dividend buyback disclosures to reassure investors.\u003e\n\u003cppolitical calls for nominal wage rises in raise pigeon domestic labor costs potentially adding to annual operating expenses and affecting margins baby-care segments.\u003e\n\u003cpevolving esg reporting rules tied to tse listing requirements mean pigeon must expand sustainability and disclosure controls with recent filings showing a rise in esg-related capex\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e¥300–500m compliance increase\u003c\/li\u003e\n\u003cli\u003e3–5% mandated wage growth impact\u003c\/li\u003e\n\u003cli\u003e¥200–400m higher annual labor cost\u003c\/li\u003e\n\u003cli\u003e20% rise in ESG CAPEX (2023–24)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pevolving\u003e\u003c\/ppolitical\u003e\u003c\/pjapan\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Political-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeopolitics, boycotts threaten 30% China sales; Japan childcare and ASEAN shifts reshape market\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eTokyo-Beijing tensions risk disrupting 30% FY2024 China revenue; 2024 boycotts cut some sales up to 12%. Japan increased childcare spending ~¥2.6T (2024), boosting domestic demand. ASEAN tariff cuts to \u0026lt;5% average but add 3–7% sector costs; Vietnam\/Indonesia political scores 0.3\/-0.1 (WGI 2023). 85+ countries tightened formula marketing; global breast pump market ~$1.9B (2024), ~6% CAGR.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue (2023–24)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eChina revenue share\u003c\/td\u003e\n\u003ctd\u003e~30%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJapan childcare spend\u003c\/td\u003e\n\u003ctd\u003e¥2.6T\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBreast pump market\u003c\/td\u003e\n\u003ctd\u003e$1.9B, ~6% CAGR\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eASEAN avg tariff\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;5%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eExplores how external macro-environmental factors uniquely affect the Pigeon across six dimensions—Political, Economic, Social, Technological, Environmental, and Legal—backed by current data and trends to identify risks, opportunities, and actionable insights for executives, consultants, and entrepreneurs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, visually segmented Pigeon PESTLE summary that can be dropped into presentations or shared across teams to quickly align on external risks and market positioning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eE\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003economic factors\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCurrency exchange rate volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePigeon reports in JPY and is exposed to USD\/JPY and CNY\/JPY swings; USD\/JPY moved from ~135 in 2022 to ~150 in 2023 and hovered ~140–145 in 2024, while CNY\/JPY saw ~1–3% volatility—weak JPY raises imported raw-material costs (imports ~30% of COGS), and strong JPY can erode export margins; robust hedging (forwards\/options) remained essential to protect margins through 2025.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInflationary pressure on raw materials\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRising costs of petroleum-based plastics, medical-grade silicone and paper packaging have squeezed gross margins across baby care; polymer prices rose ~18% YoY and pulp\/paper +12% in 2024, pressuring suppliers like Pigeon.\u003c\/p\u003e\n\u003cp\u003ePigeon must balance passing costs to price-sensitive parents amid a 2024–25 global cost-of-living squeeze (real wages stagnant in many markets) to avoid volume loss.\u003c\/p\u003e\n\u003cp\u003eEfficiency gains—automation, yield improvements and supply-chain sourcing cuts—are primary levers; targeted CAPEX and logistics optimization can recover several percentage points of margin.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEconomic slowdown in the Chinese market\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe Chinese GDP growth slowed to 4.5% in 2024 vs 5.2% in 2023, denting middle‑class discretionary spending on premium baby products where Pigeon holds strong market share; retail sales growth for maternal‑and‑child products fell to 2.8% Y\/Y in 2024. \u003c\/p\u003e\n\u003cp\u003eLower consumer confidence has boosted budget local brands, with private‑label and domestic players capturing an estimated additional 3–5 percentage points of market share in 2024. \u003c\/p\u003e\n\u003cp\u003ePigeon is responding by expanding value tiers and launching cost‑optimized SKUs while investing in product innovation and e‑commerce promotions to defend share in a maturing market. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest rate environment in Japan\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe Bank of Japan ended negative interest rates in 2023 and raised the policy rate to around 0.1–0.5% by 2025, lifting corporate borrowing costs and prompting Pigeon to re-evaluate capex timing and lease financing for facilities.\u003c\/p\u003e\n\u003cp\u003eHigher domestic rates can compress household real incomes—Japan CPI rose 3.1% in 2024—potentially weakening demand for premium infant products and pressuring Pigeon’s pricing strategy.\u003c\/p\u003e\n\u003cp\u003ePigeon must actively manage its debt mix and maturities to protect R\u0026amp;D spend; as of FY2024 its net debt-to-EBITDA ratio was reported near industry midrange, necessitating cautious refinancing.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBOJ policy shift: negative rates ended 2023; policy ~0.1–0.5% by 2025\u003c\/li\u003e\n\u003cli\u003eInflation: CPI ~3.1% in 2024, affecting consumer purchasing power\u003c\/li\u003e\n\u003cli\u003eFinancial action: monitor net debt\/EBITDA and refinance to safeguard R\u0026amp;D\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDisposable income trends in emerging markets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eRising GDP per capita in India (projected 6.5% real GDP growth in 2024 per IMF) and Southeast Asia (ASEAN growth ~4.8% in 2024) is expanding a middle class—India’s middle-income households rose ~35% from 2015–2023—boosting demand for premium childcare products that Pigeon targets.\u003c\/p\u003e\n\u003cp\u003ePigeon’s Asia-focused growth offsets flat demand in hyper-aged markets like Japan, where population decline reduced domestic baby-product sales ~2–3% annually since 2019; success hinges on market-specific pricing aligned to local purchasing power.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eIndia \u0026amp; Southeast Asia GDP growth: 6.5% and ~4.8% (2024 IMF\/ASEAN)\u003c\/li\u003e\n\u003cli\u003eIndia middle-income households +35% (2015–2023)\u003c\/li\u003e\n\u003cli\u003eJapan baby-product sales down ~2–3% annually since 2019\u003c\/li\u003e\n\u003cli\u003eLocalized pricing critical to convert rising disposable income into market share\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/PESTLE-Content-Economic-Box-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJapan outlook: inflation steady, FX 140–145, polymers+pulp boost margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eKey economic drivers: USD\/JPY ~140–145 (2024), CNY\/JPY ±1–3% (2024); polymers +18% YoY, pulp +12% (2024); Japan CPI 3.1% (2024); BOJ rate ~0.1–0.5% (2025); China GDP 4.5% (2024), India GDP ~6.5% (2024); Japan baby sales -2–3% p.a. since 2019; Pigeon net debt\/EBITDA near industry midrange (FY2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eUSD\/JPY\u003c\/td\u003e\n\u003ctd\u003e140–145\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePolymers YoY\u003c\/td\u003e\n\u003ctd\u003e+18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJapan CPI\u003c\/td\u003e\n\u003ctd\u003e3.1%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003ePigeon PESTLE Analysis\u003c\/h2\u003e\n\u003cp\u003eThe preview shown here is the exact Pigeon PESTLE Analysis document you’ll receive after purchase—fully formatted, professionally structured, and ready to use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56751854190969,"sku":"pigeon-pestle-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/pigeon-pestle-analysis.png?v=1772235389","url":"https:\/\/matrixbcg.com\/products\/pigeon-pestle-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}