Japan's state-backed JIC to launch $5.4bn fund for big restructuring deals

Public-private investor sees more Japanese involvement in domestic M&A

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Japan Investment Corp. has funded companies such as chip materials maker JSR. 

TASUKU IKEDA

TOKYO -- The state-backed Japan Investment Corp. will set up an 800 billion yen ($5.4 billion) fund as early as this year for sweeping business overhauls as Japanese companies log a record pace of mergers and acquisitions.

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