Keiji Hatano Quoted in The Deal Pipeline on Japanese M&A Activity

September 6, 2013

On September 6, The Deal Pipeline quoted Mr. Hatano in an article on Suntory Beverage & Food Ltd.'s pending acquisition of the Ribena and Lucozade drink brands for approximately $1.6 billion. In discussing outbound Japanese dealmaking and the struggling U.S. currency against the yen in the past 12 months, Mr. Hatano said, “The strong yen was helpful but it wasn't the primary driver of Japanese companies going outbound. There's a more fundamental issue, that Japan is an aging society and if you want growth you have to go elsewhere. That hasn't changed." To support his view that the Japanese fiscal and monetary stimuli could be helpful to dealmaking, he said, "Abenomics was designed to change deflation into inflation. With deflation buying tomorrow is cheaper than buying today. With inflation, you'd better act now."