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For private equity, Japan still beats China

Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity. For restructuring experts such as KKR & Co. LP, whose founders recently declared Japan the company’s “highest priority” outside the US, the smaller country offers much more attractive opportunities. And the reasons are as much political as financial.

Nissan backs Notre Dame restoration

TOKYO: Nissan Motor Co will donate €100,000 (US$112,450) for the rebuilding of fire-ravaged Notre-Dame Cathedral in Paris, a pledge that comes as the Japanese automaker seeks to repair strained relations with the French government and partner Renault SA after former chairman Carlos Ghosn was arrested.

Nintendo soars as Tencent wins Switch game approval in China

TOKYO: Nintendo Co shares jumped after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console, a sign the Japanese company may benefit from growth in the world’s largest games market.

Nissan plans global output cut of about 15%

TOKYO: Nissan Motor Co. is planning to cut global output by around 15 percent for the fiscal year to March 2020, the Nikkei reported, citing unnamed sources.

Yaris makes a comeback

PETALING JAYA: UMW Toyota Motor has launched its latest offering, the five-door Yaris hatchback, which after a seven-year hiatus, returns as a locally-assembled vehicle from its new Bukit Raja assembly plant in Klang.

Latest offering: (from left) UMW Toyota Motor deputy chairman Akio Takeyama, Jana and Ravindran with the new Yaris.

For private equity, Japan still beats China

Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity.

Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity.

Europe’s car market is getting even worse

MUNICH: European car sales declined for a seventh straight month in March as several countries struggled with slowing growth, adding to challenges for an industry shouldering record spending on electric and connected cars.