Singapore's Japan M&A tops annual record by April at $2.65bn

GIC and bargain hunters behind record pace of investments

2023N Ski resort

GIC bought the Naeba Prince Hotel in ski destination Yuzawa from Seibu Holdings in 2022. (Photo courtesy of Naeba Prince Hotel)

MAYUKO TANI, Nikkei staff writer

SINGAPORE -- Singapore's acquisition activity in Japan has already hit an all-time annual high this year, thanks to a splashy deal by sovereign wealth fund GIC, as a cheap yen and a large interest rate gap lure private buyers.

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