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SoftBank has gone abroad for growth (photo: dpa)

Japan switches from exports to investments for growth

Japan’s period of high growth driven by exports and domestic demand is over. Companies are reacting to unique economic circumstances by using their cash reserves and cheap bank loans to invest in foreign firms. While the yen is strong and interest rates are low, the buying binge will go on. But Japan’s track record in making overseas acquisitions succeed is mixed. ...
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