Japan Inc is on an acquisitions march across Asia and around the world, new figures show, as firms armed with ever more valuable yen take strategic advantage of the currency's post-war highs.
Western economies have been left in turmoil by the global financial crisis and eurozone sovereign debt woes.
And in recent years Japan's economy has been eclipsed by that of China, which has overtaken its neighbour to take second place in global GDP rankings on the back of rampant growth that has underpinned much of the global economy.
But last year Japanese firms made 198 corporate purchases across the rest of Asia, mergers and acquisitions researchers Recof Data found, an all-time high and well above the previous record of 153 in 2005.
(Channel NewsAsia)
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