Japanese companies are again venturing offshore, and this time a new breed of business is striking deals overseas.
Japan Inc splurged a record $70 billion on foreign acquisitions last year, taking advantage of a strong yen, big cash reserves, attractive valuations and some willing sellers, especially in Europe.
Many of these Japanese acquirers are already multinationals but a growing number are embarking on their first big foreign adventure, a trend that partly reflects two longer-term factors: a stagnant domestic economy and a shrinking population. (Reuters)
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