Japan Inc. Is Set to Overtake China in Overseas Dealmaking

Photographer: Tomohiro Ohsumi
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Japan Inc. is on track to overtake China in overseas dealmaking for the first time in six years.

A hunt for growth at Japanese firms is driving foreign purchases, at a time when China’s most prolific acquirers have been hobbled by regulatory probes and new outbound investment rules. Japanese companies have announced $26.9 billion of overseas acquisitions this year, compared with $16.5 billion by Chinese buyers, according to data compiled by Bloomberg.