M&A: Japan Inc heads overseas

Japan’s corporate sector has spent the past few years selling businesses off to pay down debts and restructure but there is gathering evidence of the emergence of a more acquisitive bent.

Japan’s corporate sector has spent the past few years selling businesses off to pay down debts and restructure but there is gathering evidence of the emergence of a more acquisitive bent.

A survey of M&A trends by Japanese broker Nomura Securities notes that the number of deals in 2005 increased 8.1% over 2004 to 2,308, the highest since 2002. Of particular interest is ‘in-out’ data, which show that Japanese companies are finally beginning to buy overseas again.

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