Investing Japan, as Japan invests offshore
Even in the best of times, Japan has never been a cakewalk for foreign investors. But in the wake of the global credit crisis, the world’s second-largest economy can be downright baffling.
Activist investors are increasingly on the retreat, citing corporate governance that some say is among the worst in the developed world. But even amid such a dour backdrop, there are still plenty of bright spots.
Most major Japanese companies have avoided massive losses on toxic assets. Faced with a shrinking market at home, those cash-rich firms are increasingly looking to move abroad. Outbound acquisitions hit a record of about $70 billion last year, and Tokyo firms are making aggressive moves into fast-growing Asia markets.
Bolstered by overseas investments, leading financial firms such as Mitsubishi UFJ and Sumitomo Mitsui are looking to become global players.
For the next two day, the Reuters Japan Investment Summit will focus on these and other issues facing one of the world’s most puzzling markets.
Through interviews with some of Japan’s most important influential executives, the Summit generate exclusive stories and investable insights.