Raw Japan
Slices of Japanese business, politics and life
from Summit Notebook:
Expect action in Japanese M&A
After falling off a cliff at the start of this year as the global financial crisis gripped, mergers and acquisitions by Japanese companies overseas are likely to pick up again in the second half of this year, according to boutique Japanese M&A advisory firm Recof Corp.
There won't be a flood of deals, Recof President Hikari Imai says, but the ones there are, are likely to be chunky as Japanese companies expand their frontiers beyond domestic markets where growth prospects are limited.
Geographically the focus is likely to be Asia -- China, India in particular and possibly the Philippines or Australia. And the types of companies looking abroad will broaden as well, Imai told the Reuters Japan Investment Summit.
Recof expects Japanese power utilities, paper, food and beverage and retailing firms to look abroad at markets where they can put their advanced technology and inventory control systems to use.
from MacroScope:
Bye bye, Japan
Goldman Sachs has long been a keen advocate of the BRICs -- Brazil, Russia, India and China -- as a new power tool for world growth. Indeed, it is credited with coining the phrase.
In a note, the firm says that even though the group is being hit differently by the global slowdown -- 
Russia suffering most, India least -- a uniform drive from the four will return as soon as the cycle starts to turn.
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Resident Raw Japan Expert
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