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

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Published Wed, Feb 25, 2015 · 09:50 PM

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    Tokyo

    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.

    They're paying up, too, with takeover premiums that are about double the global average, the data show. And the trend is set to continue.

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