Japan Inc in new wave of global deal-making

The pressure of a shrinking, ageing population is pushing companies and banks to make overseas acquisitions for stronger, longer-term growth.

TOKYO • At the height of the late 1980s financial bubble, a single, era-defining deal shredded conventional wisdom about Japan's motives as a global dealmaker.

The US$2.6 billion (S$3.5 billion) purchase of US tyremaker Firestone by Bridgestone was the biggest and brashest overseas deal Japan had struck. It forced a worldwide rethink of the notion that Japan Inc was only committed to organic growth and reset assumptions about the determination and confidence in the boardrooms of Tokyo, Osaka and Kyoto.

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A version of this article appeared in the print edition of The Straits Times on May 02, 2018, with the headline 'Japan Inc in new wave of global deal-making'. Print Edition | Subscribe