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Japan M&A Demand to Withstand Yen Slide, JBIC’s Watanabe Says

Japanese companies’ appetite for overseas acquisitions will remain even after a slide in the yen, according to the deputy chief of the nation’s export-credit agency.

“There continues to be demand for overseas M&A even though a weaker yen may make it harder,” Hiroshi Watanabe, executive managing director of the Japan Bank for International Cooperation said in a May 29 interview. Japanese businesses need operations in foreign countries with rising populations and incomes, Watanabe said.