Japan firms may buy more overseas assets as yen gains
China Daily | Updated: 2009-12-02 08:05
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A bartender pours a glass of Tooheys New beer, a Lion Nathan product, in a bar in Sydney. Kirin Holdings spent $4.6 billion to take full control of Sydney-based Lion Nathan. Bloomberg News |
TOKYO: The yen's surge to a 14-year high may encourage Japanese manufacturers including auto-parts makers and pharmaceutical companies to accelerate acquisitions overseas, said bankers and analysts.
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