Japan urges firms not to rely too much on banks for M&As

Japan urges firms not to rely too much on banks for M&As

Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg

The Japanese government published a guidebook on Tuesday on how to conduct overseas M&As in a bid to reverse a recent trend of foreign acquisition flops by Japanese companies.

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