Japan State Fund Mulls Toshiba Buyout Bid, Report Says

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  • Bloomberg Markets and Finance published this video item, entitled “Japan State Fund Mulls Toshiba Buyout Bid, Report Says” – below is their description.

    Apr.14 — A group including the state-backed Japan Investment Corporation is considering a possible buyout of Toshiba Corp., according a local report. This adds yet another potential bidder for the Japanese conglomerate. Toshiba’s chief executive officer, Nobuaki Kurumatani, stepped down this week after confidence in his leadership plummeted. The decision came as factions within the conglomerate mounted resistance to a potential buyout offer from CVC Capital Partners — where Kurumatani previously worked. Pavel Alpeyev reports on “Bloomberg Daybreak: Asia.”

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    In This Story: Japan

    Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

    Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

    Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

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