TOKYO: Japan outmuscled China to dominate mergers and acquisitions in Asia last year, and with companies in possession of more than US$890bil in cash, the spending spree is likely to continue in 2019.
Japanese companies announced more than 1,000 offshore acquisitions totalling a record US$191bil last year, led by Takeda Pharmaceutical Co’s blockbuster takeover of Shire Plc, according to data compiled by Bloomberg.
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