[William Pesek] Mr. 210% sees M&A boom in Japan as best deflation slayer
Feb 13, 2011
Steel company mergers are a little below Timothy Geithner’s radar. Yet the U.S. Treasury secretary should think long and hard about a recent one in Japan. On the surface, Nippon Steel Corp. and Sumitomo Metal Industries Ltd. joining forces to become the world’s second-largest producer isn’t wildly interesting. It’s the “why” below it that’s important: Such deals are now the official policy of a ...