TOKYO -- Japanese companies are accelerating their push overseas in a bid to drive growth, with outbound mergers and acquisitions last year reaching a record high of 777 deals -- an increase of nearly 16% from the year before.
It was the fifth consecutive year that M&A deals by Japanese companies hit a record high, according to data compiled by M&A consultancy Recof. The total transaction value also hit a record high, 19 trillion yen ($175 billion), almost triple the previous year.
