Kirin confirms merger talks with Suntory

There are clear signs of change in Japan Inc as bitter rivals discuss a merger.

In a development that has convulsed the Japanese food and beverage sector, Japan's largest beer company Kirin Holdings on Tuesday confirmed a media report that it is in merger talks with Suntory Holdings to create the fifth-largest food andĀ beverage company in the world. However, Nobutada Saji, Suntory's president and a member of the founding family, insisted that the two companies had taken only half a step.

Nevertheless, it's an exciting development. For decades the Japanese beerĀ ...

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