Voice from Tokyo
(Chinadaily.com.cn)
Updated: 2010-03-01 13:47
Asahi Shimbun: China buying into Japanese firms 02/03
Japanese companies have long abhorred foreign takeovers, but the financial realities of their current situations have gradually eroded their resistance.
With nowhere else to turn, some Japanese companies, including Nikko, have decided that their key to survival is to come under Chinese corporations and gain access to China's huge market.
The opportunities are increasing with the Chinese government's growth policy of having Chinese companies acquire foreign technology and business know-how.
According to Recof Corp., which advises companies on mergers and acquisitions, M&A of Japanese companies by Chinese companies were worth 28.5 billion yen in 2009, a more than fourfold increase from 2008. The numbers would probably be higher if not for the lingering resistance of the Japanese targets.
Netizen: supportToyota 01/03
China's NPC will begin under the condition that China has become the biggest automakers and the biggest exporter in 2009. These successes consume vast amounts of natural resources. In Japan, our large economy is heavily based on large oil imports. But our advanced energy-saving technologies curb our consumption. On the other hand, China's economy is expanding with a less efficient consuming of natural resources; I think the NPC should pay attention to energy-saving cooperation with others and tell the world how China will expand its resource-exploiting business in the world.
Japanese companies have long abhorred foreign takeovers, but the financial realities of their current situations have gradually eroded their resistance.
With nowhere else to turn, some Japanese companies, including Nikko, have decided that their key to survival is to come under Chinese corporations and gain access to China's huge market.
The opportunities are increasing with the Chinese government's growth policy of having Chinese companies acquire foreign technology and business know-how.
According to Recof Corp., which advises companies on mergers and acquisitions, M&A of Japanese companies by Chinese companies were worth 28.5 billion yen in 2009, a more than fourfold increase from 2008. The numbers would probably be higher if not for the lingering resistance of the Japanese targets.
Netizen: supportToyota 01/03
China's NPC will begin under the condition that China has become the biggest automakers and the biggest exporter in 2009. These successes consume vast amounts of natural resources. In Japan, our large economy is heavily based on large oil imports. But our advanced energy-saving technologies curb our consumption. On the other hand, China's economy is expanding with a less efficient consuming of natural resources; I think the NPC should pay attention to energy-saving cooperation with others and tell the world how China will expand its resource-exploiting business in the world.
