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Business trends

Japan's M&A boom put to test as recession fears loom

2019 deal count hits record as companies face shrinking growth at home

Hitachi is expected to continue shedding subsidiaries over the next few years, supporting Japan's M&A boom. (Nikkei montage)

TOKYO -- Japanese companies made a record number of acquisitions in 2019 as corporate restructuring raced ahead.

However, Japan Inc.'s appetite for more deals will be tested this year amid fears that the global economy is slowing and that the country's corporate reform push may fade.

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