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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