Japanese M&A

Strong yen spurs Japanese firms' overseas ambitions

A runaway yen and timely exit strategies at private equity firms are persuading more medium-size Japanese companies that now is the time to jump into the overseas M&A market.

<div style="text-align: left;"> Strong yen hurts exports, but makes overseas expansion cheaper </div>

Martin Foster

December 07, 2011

The US dollar dipped to a historical low against the Japanese yen on October 31, with one dollar equivalent to ¥75.35 on October 31, before the Bank of Japan intervened and pushed the exchange rate back above ¥78. Even so, the yen is down almost 4% against the dollar for the year to date, while the euro is flat.

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