Japan’s Economy, on the Road to Recovery
It has been revealed in a recent report that Toshiba has been able to able to rope in Takeda Pharmaceuticals for the new deal of as much as $16billion. This is a deal that shall involve take-over from across the border of the nation. This is being done as an answer to the Japanese companies that tend to capture the rise in the value of currency, in order to cope with the fall in the economy.
Takeda was of the agreement to buy Nycomed, for a sum of 9.6billion Euros. Toshiba was of the view that they shall buy the firm Landis+Gyr AG for a sum of $2.3 billion. With the aid of these two deals, the economy of the nation shall be set on the road to recovery by substantial amounts.
“Japanese companies have money and strong yen on their side, so it’s a very sound decision to look abroad for growth”, said Masahiko Ejiri, a Tokyo-based fund manager at Mizuho Asset Management Co., which oversees about $41 billion. According to the data released by news networks, it was found that the acquisition rates of the nation. The nation had been damaged severely due to the Tsunami that had hit it in March and this is the reason the economy of the nation was put to such a slump. There are all sorts of efforts being made in order to stabilize the situation of the country.
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