Japanese companies accelerate carve-outs to post-financial crisis high

Private equity funds and government push for more capital efficiency

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Carve-outs, in which a company sells off a subsidiary or other specific business unit, are taking off as Japan's sprawling conglomerates come under pressure to focus on key businesses.

JADA NAGUMO and LISA KIM

TOKYO -- Japanese companies are increasingly selling off subsidiaries and business units, turning them into independent entities, to focus on their core operations, a trend experts say could get a further boost from the U.S. trade war.

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