TOKYO -- Mergers and acquisitions between Japanese companies shot up around 80% on the year to 6.8 trillion yen ($47 billion) for the first half as corporate Japan focused on domestic business restructuring in a bid to lift stock prices.
Softening yen and stock market pressure spark flurry of dealmaking
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M&A deals in the first half included a Toshiba buyout by a Japan investor group, totaling 2.1 trillion yen. © Reuters
TOKYO -- Mergers and acquisitions between Japanese companies shot up around 80% on the year to 6.8 trillion yen ($47 billion) for the first half as corporate Japan focused on domestic business restructuring in a bid to lift stock prices.