Japanese companies are showing a growing passion for emerging markets as highlighted by Toyota and Nissan announcing on Friday that they plan to invest a combined $1.2bn in Latin America.
Those moves follow in the footsteps of Sumitomo, the large Japanese trading company, which said this month it would take a 30 per cent stake in Brazil’s Minera??o Usiminas, an iron ore mining subsidiary of steelmaker Usinas Siderúrgicas de Minas Gerais, for $1.9bn.
The value of mergers and acquisitions by Japanese companies in emerging markets has this year exceeded the $7.9bn total for 2009, rising to $8.58bn, according to Dealogic.
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