COVID crisis won’t stop Japanese firms buying abroad: Suntory CEO

Suntory Holdings Ltd’s President and CEO Takeshi Niinami speaks behind the company’s alcoholic beverages during an interview with Reuters at the company headquarters in Tokyo, Japan, October 26, 2015. REUTERS/Toru Hanai

The chief executive of Japanese beverage maker Suntory Holdings said on Thursday the coronavirus crisis and other geopolitical risks would not deter his company or other Japanese firms from overseas acquisitions.

Shrinking demographics, low borrowing costs and years of slow economic growth have forced Japanese companies to turn to overseas acquisitions for growth. Suntory‘s $16 billion purchase of Kentucky bourbon maker Beam in 2014 is a prime example.

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