Japan Leads Asia-Pacific Private Equity Surge Amid Regional Downturn

In a year marked by declining deal values across Asia-Pacific, Japan emerges as the only market to experience significant growth, with private equity deals soaring by 183%.

• Private equity-related dealmaking in Japan nearly tripled last year compared to the annual average from 2018 to 2022.
• Asia-Pacific private equity deals fell to their lowest level since 2014, with Japan overtaking China as the region's largest market.
• Key transactions in Japan included the ¥2.1 trillion takeover of Toshiba and the sale of Fujitsu’s chip packaging subsidiary for $4.7 billion.
• Despite global challenges, Japan's deal momentum is expected to continue into 2024, driven by pressure on companies to improve shareholder value.
• Investors remain cautious in other parts of Asia-Pacific, particularly China, due to slowing growth, high interest rates, and volatile markets.

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The Japan Times South China Morning Post CNBC