June 19, 2011

Japanese customers get exposure to foreign business owners as foreign direct investment increases

“ Direct investment in Japan by Chinese companies rose sharply in 2007 and 2008, when the cumulative stock was about 20 billion yen ($224.64 million), according to Bank of Japan statistics. .. According to Recof Corp., which advises companies on mergers and acquisitions, M&A of Japanese companies by Chinese companies were worth 28.5 billion yen in 2009, a more than fourfold increase from 2008. The numbers would probably be higher if not for the lingering resistance of the Japanese targets. A senior official of an M&A consulting company said many Japanese companies have flatly refused any possible acquisition deals with China”



Source: China buying into Japanese firms
BY TORU HATANAKA AND IKKI YAMAKAWA, THE ASAHI SHIMBUN
2010/03/02
http://www.asahi.com/english/TKY201003010282.html

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