Just got this old hybrid frame. Do you know what brand/model/year is it?



















Seatpost is 25.4, BB threaded 35mm right/right 70mm wide, headset 25.4, stem 22.2. Serial number under BB is FED9706692. Front and rear DS dropouts are marked 89 or 68. Weld quality seems pretty good. Double eyelets F&R, braze-ons for rear carrier, dynamo and kickstand, holes (for internal front light wiring?) on DT underside, pulley for down pull FD. Obviously repainted.
Edit: Just noticed it has a JIS headset. That means it's Japanese?