PitchBook：2025年亚太地区私人资本年中展望报告（英文版）

M&A in Japan has surged in recent years, with about 1,500 transactions completed by November 2024, tripling the annual average from 2015 to 2022. This surge aligned with the shift in monetary policy away from negative interest rates that did not foster significant growth. Low rates and a weak yen created opportunities for domestic and foreign buyers, while the government and Japan Stock Exchange encouraged M&A as struggling corporations aimed for growth. Despite a decrease in Japan’s