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Business deals

Japan Inc recovers appetite for foreign acquisitions

Deal value in Q2 jumps 455% from pandemic low as vaccine rollout buoys optimism

The value of Japanese outbound M&A surged in the second quarter to nearly six times that recorded during its pandemic low last year. (Source photo by Arisa Moriyama) 

TOKYO -- Japanese companies are starting to accelerate their overseas expansion, with the value of outbound mergers and acquisitions surging in the second quarter to nearly six times the amount recorded during its pandemic low.

Japan Inc. logged 182 deals during the April-June period, up 56% from a year ago, with total value jumping 455% to hit 2.16 trillion yen ($19 billion), according to data from M&A consultancy Recof.

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