Japan: Deals worth $18b go sour amid record M&A boom

A worker checks a tire on a storage rack in the inspection area at the Toyo Tire & Rubber Co. plant in Iwanuma, Miyagi, Japan, on Tuesday, May 16, 2017. Photographer: Tomohiro Ohsumi/Bloomberg

Japan Inc., which has been snapping up everything from drugmakers to beer brands in its biggest overseas acquisition spree on record, is beginning to feel the pain from some of the soured deals of the past.

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