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Business

What's different about this M&A boom

TOKYO   Japanese companies are breaking new ground in global mergers and acquisitions. The total amount of their purchases of foreign companies surpassed 10 trillion yen ($84.9 billion) for the first time last year. There is an essential difference between the latest mergers and acquisitions boom, the second since the years of the economic bubble before 1990, and the previous one in which Japanese companies went on a spare-no-expense shopping spree. This time, they aim to grow into world leaders through acquisitions.

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