Finance & economics | Mergers

Say “hostile takeover” in Japanese

|TOKYO

IF EVER there was a country to make an investment banker lick his lips, it is Japan. There are 11 car companies, 59 tyre companies, 72 oil companies, 1,069 drugs companies, 2,083 gas companies and 5,808 steel companies, according to the Ministry of International Trade and Industry. With a few notable exceptions, almost all are neither big enough nor sufficiently competitive to compete globally. An economy, one might think, that is ripe for a merger boom.

This article appeared in the Finance & economics section of the print edition under the headline “Say “hostile takeover” in Japanese”

South-East Asia loses its grip

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