Japan Inc's foreign forays recall bubble economy
News On Japan via Straits Times -- Jul 15
The US$5 billion (S$6.3 billion) buyout of a British media group last week was the latest in a line of huge foreign acquisitions by Japanese firms reminiscent of their heady overseas adventures during the bubble economy.
The announcement on Thursday by the country's top advertising agency Dentsu that it would pay 3.16 billion pounds (S$6.22 billion) for Aegis came after figures showed Japan Inc signed a record 262 overseas deals in the first six months of the year.
Source: Straits Times
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