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Opinion

Japan's lopsided M&A boom

Nation's companies invest record amounts abroad, but foreign groups steer clear of Japan

| Japan

Shinzo Abe's "Japan-is-back" pledge was much in evidence in the corporate world in 2018 as the country dominated mergers and acquisitions in Asia.

Outbound M&A deals reached an all-time high of 777, up nearly 16% and a fifth straight record for Japan Inc. Executives spent roughly $175 billion last year tapping overseas growth to offset a shrinking and tepid domestic market, in a buying surge that was second only to the U.S.'s.

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