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Japan on an International Shopping Spree: Japan spends more than $101 billion in overseas acquisitions this year

Tokyo Japan at night [Photograph Courtesy of DORONKO/Flickr]

Tokyo Japan at night [Photograph Courtesy of DORONKO/Flickr]

The world is currently witnessing Japan’s largest surge in global acquisitions to date. However, unlike previous expenditures, these acquisitions may have not been from the inspiration to expand, but rather from trying to combat the threat of shrinking.

Japan’s efforts to acquire US Sprint Nextel Corp. has made it to the mainstream, but many acquisitions have slipped under the rader and have not drawn much US media attention. However, according to Retail Japan News’s article “Economy Growth: Japan on Buying Spree”, they have now managed to spend over $101 billion in overseas investments.

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Japanese Electronic Industry on the Decline: SONY Smartphones Place 3rd

Sony Smartphone: Sony Ericsson [Photograph Courtesy of John.Karakatsanis/Flickr]

Sony Smartphone: Sony Ericsson [Photograph Courtesy of John.Karakatsanis/Flickr]

A recent article in the Modern Tokyo Times states that Smartphones made by electronics superpower SONY have moved down in the ranks to 3rd place. However, Japan has never been one to strive for anything but the gold.

For decades, SONY has been famous for their consistent domination of the electronic market around the globe, but with Korean Company SAMSUNG and American based company Apple, SONY is becoming one of the many Japanese companies struggling to keep up as a world power. Many competitors from around the globe are starting to catch on the globalization trend and are expanding into territories only once tread by the Japanese.

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Record Number of Foreign Mergers & Acquisitions by Japanese Firms

According to a recent article in the Japan times, the amount of mergers and acquisitions of foreign companies by Japanese firms is hitting record highs and shows no signs of slowing down.

This year alone, Japan’s M&As have gone up 7.4%. Though still at 364, at this rate thier final total for the year is expected to approach if not surpass their record high of 463 in 1990.

Among these acquisitions include the acquisition Sprint, a major player in the US mobile phone industry by Japanese Telecommunication and Internet Giant Softbank.

To read more on this particular acquisition refer to this previous blog post. click here. 

Other examples include the acquisition of the major advertising agency Dentsu Inc.’s acquistion of British peer Aegis Group PLC, and Daikin Industries Ltd.’s acquisition of thier U.S. rival Goodman Global Inc.

Though very common now, Japanese acquisitions were originally very controversial, especially in the US marketplace. Their expansions were often referred to as invasions and their acquisitions were often marked as putting American traditions and values at risk. Two major controversial acquisitions in Japanese history include the purchase of Colombia Pictures Entertainment by Sony and the purchase of the Rockefeller Center by Mitsubishi Estate.

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Japanese Retail Giant Uniqlo Aims to become #1 Apparel Retailer in the World [VIDEO]

Japanese Retail Giant Uniqlo has gained a trusted and respected reputation in their domestic market. Their goal now has grown to become the number 1 apparel retailer int he world. Since their first store in Hiroshima Japan in 1984, they have opened over 1,000 stores worldwide. This video takes tour of a US store to see what exactly has made this store so successful in foreign and domestic markets alike.


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Globalization as the Cause of Japanese Economic Recession?

Panasonic and Song Television Sets (Photograph Courtesy of fsse8info/Flickr)

Most Japanese companies attempting to expand their market beyond their homeland are doing so to increase their profits. However, a piece on Reuters this morning says these expansion could be whats driving Japan’s economy straight into a recession.

While the US economy actually showed a slight pick up in the last quarter, Japan’s economy showed a .9 percent decrease in GDP. The Senior Economist at Mitsubishi, another globalized Japanese company explains that their data proves that Japan has now fallen into a recession.

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Two Large Japanese Corporations Announce their plan to become Multinational

Softbank Store (Photograph courtesy of [puamelia]/flickr)

Rakuten Inc. and Softbank Corp – two very different but equally large and successful companies but have both announced at the same time that they are ambitious to expand into foreign markets. The Modern Tokyo Times posted an article called “Rakuten and Softbank aiming to expand in New Markets” on their current ambitions and strategies.

Rakuten Inc. is someone reminiscent of amazon in that it is a Japanese version of an online mall.  It has recently accounced that is looking to expand into Australia and India. Their CEO Hiroshi Mikitani stated that his ambition is to have 70 percent of sales outside the domestic market by 2020. One unique angle they are testing is an investment in Pinterest.

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Old School Resources to Modern Trends: The Top 10 Books on Understanding the Global Market

The Modern Tokyo Times this morning commented on their favorite books to help address the obstacles that expanding companies face, and the benefits that inherently exist in having a larger market. Japan’s business sphere is becoming increasingly global due to their rapidly advancing technology but most companies have to overcome many cultural and structural differences that come with a foreign market. Their article “Top 10 Books for Excelling in the Global Marketplace: Understanding Culture” divides the books into 3 categories in regards to globalization.

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