M&A Activities Dull in 1st Half

According to data by the M&A advisory firm Recof Corp, 972 mergers and acquisitions took place in Japan between January and June, down 19% from a year earlier. The aggregate value of all deals for the same period dropped 57.3% to 2.22 trillion yen(22 billion). M&A transactions among domestic firms slid 17.4% to 763, while foreign businesses transactions by Japanese firms fell 24.5% to 74. Purchase of Japanese companies by overseas buyers also tumbled 24.2% to 135.