Japanese companies this year concluded 621 transactions for the acquisition of foreign assets totaling $180 billion. As reported by Dealogic, the figure for 2018 rose to a record high in more than 20 years. The $62 billion purchase of the Irish Shire by pharmaceutical company Takeda Pharmaceutical was the largest foreign asset acquisition in Japanese history. Japanese companies this year have increased their activity abroad against the background of the stagnation of the Japanese economy, caused mainly by the aging of the population. Hernan Kasterna, head of the global M & A division at JPMorgan, noted the more favorable position of Japanese companies when concluding transactions with foreign companies than their Chinese competitors, as Japanese companies face less stringent requirements from foreign regulators.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
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The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...