Just look at the deals we've seen in the last few days:
- Sotbank just acquired a huge stake in Sprint for a staggering $20 billion.
- Auto parts company Toyota Industries is spending $759 million (in cash) to buy US auto parts maker Cascade.
- Last week, industrial parts company Dayton was acquired by Japanese firm Misumi.
- On October 5, Japanese firm Takeda Pharmaceutical bought a small pharmaceutical maker in Montana.
- In September, recruitment site Indeed.com was bought by a Japanese firm in a deal thought to be worth over a $1 billion.
- In April, Japanese air conditioning company Daikin bought a US rival for $3.7 billion.
So what's going on? Is it because Japan owns a ton of US dollars that now it needs to collect on, as everyone feared in the 80s.
Heck no. The CEO of Softbank made it clear at the press conference when it acquired Sprint. Growth in Japan is pretty much non-existent. If you want to expand, you have to go abroad, and the US still looks like a fertile territory. It's pretty much as simple as that.
Read more: http://www.businessinsider.com/corporate-japan-buying-american-assets-2012-10#ixzz2A40sFYtU
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