You are here

World becomes cheaper for Japanese firms

Thursday, August 27, 2015 - 05:50

BT_20150827_DNJAP27_1844685.jpg
With Japanese companies sitting on record cash of 241 trillion yen and dim growth prospects at home, Canon Inc to Hitachi are making investments overseas.

Tokyo

WITH global stocks crashing and the yen rising against 13 of 16 major currencies in the past week, the world just became cheaper for Japan's cash-rich companies.

Buoyed by low funding costs at home, the nation's firms announced US$70.2 billion in overseas acquisitions this

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom