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Japan Inc's 233t yen cash hoard fuels overseas buying spree

Giants like brewer Kirin Holdings, headed by CEO Senji Miyake, are also considering takeovers abroad.


JAPANESE companies are on an overseas buying spree. Canon Inc, Japan Post Holdings Co and Itochu Corp have led US$28 billion of purchases abroad so far this year, the fastest start on record for Japanese acquirers, according to data compiled by Bloomberg going back to at least 2006