Japan Companies to Keep Up Foreign M&A Even After Yen Drop: JBIC
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Japanese companies will brave the yen’s drop to a five-year low against the dollar and invest in foreign businesses to seek growth overseas, said a former top currency official.
The dollar around 100 yen isn’t expensive for Japanese businesses that need to make overseas acquisitions as they seek to expand in foreign markets and diversify their operations, Hiroshi Watanabe, governor of Japan Bank for International Cooperation, said in a Jan. 15 interview.