Wall Street Journal (May 30)
“Flush with cash and bolstered by a strong currency, Japanese companies are in the midst of the biggest boom in overseas investment the country has ever seen.” At home, earnings are threatened by the shrinking domestic market, uncertain electric supply, disrupted supply chains, and weak domestic economy. In the past, “Japanese mergers-and-acquisitions booms sometimes focused on trophy properties with little regard to value.” Today’s boom is driven by value and “powered by fear.”
“Flush with cash and bolstered by a strong currency, Japanese companies are in the midst of the biggest boom in overseas investment the country has ever seen.” At home, earnings are threatened by the shrinking domestic market, uncertain electric supply, disrupted supply chains, and weak domestic economy. In the past, “Japanese mergers-and-acquisitions booms sometimes focused on trophy properties with little regard to value.” Today’s boom is driven by value and “powered by fear.”
