Japan hit a record tally of domestic merger and acquisition deals in 2019 after Hitachi agreed to the $4.5bn sale of one of its largest subsidiaries and the country’s conglomerates continue a historic restructuring. Companies have made over 2,840 deals so far this year, according to research group Recof, topping the previous record of 2,814 transactions set in 2018. Japanese businesses have spent more than ¥6tn ($55bn) on buying domestic rivals, the highest level since 2007 before the global financial crisis hit. 

Japan posts record number of M&A deals in 2019 as restructuring booms 

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