Local News

Tokyo-based Recof released the results of its survey of corporate mergers and acquisitions in the seven Kyushu prefectures in FY 2011. There were 72, an increase of 14 from the previous year. The aggregate funds required for the transactions totaled 72.988 billion yen, a 74% year-on-year increase. These increases were the first in both categories in two years. The factors included the higher number of overseas purchases due to the historically high yen, and the activity in the medical sector, spurred by the aging of society.