The magnetic recording medium, its manufacturing method, and a magnetic recording and reproducing

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According to one embodiment, a magnetic recording medium includes a substrate, and a magnetic recording layer formed on the substrate. The magnetic recording layer includes recording portions having patterns regularly arranged in an longitudinal direction and containing cobalt and platinum, and non recording portions formed between the recording portions and containing boron and at least one light rare earth metal selected from the group consisting of yttrium, lanthanum, and cerium.