Quentin Webb is an Associate Editor at Reuters Breakingviews. He covers mergers and acquisitions, corporate finance and private equity in Asia. He joined the Hong Kong bureau in May 2015 after four years in London. Before becoming a columnist, he was a news reporter for Reuters, where his last role was as European M&A correspondent. He has also worked as a correspondent in Brussels and as a credit-markets reporter. Follow Quentin on Twitter @qtwebb
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Shinzo Abe’s plan to revitalise Japan needs a boost. The PM didn’t get as much backing as he might have liked from hosting the club of rich nations. But he may just about be able to spin the summit statement as an endorsement of fiscal stimulus and a tax standstill.
The Japanese auto-parts maker wants financial help to ride out its air-bag recall crisis. A few turnaround investors and industry peers will probably look. But huge unanswered questions about liabilities, prospects, and relations with big carmakers make clinching a deal tricky.
Shares rallied despite a profit outlook that fell below expectations. Setting $1 bln of quake damage aside, the Japanese group is faring well. Consoles are humming along, handsets are stabilising, and a duff project has been nixed quickly. Sony’s turnaround is almost complete.
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- Yum's China split doesn't look too tasty right now
- India cushions Suzuki Motor from dodgy test damage
- Abenomics has over-promised and under-delivered
- Nissan heads for racy returns at Mitsubishi Motors
- Nissan can help drive Mitsubishi Motors' recovery
- Japan's line in sand over yen is a short-term fix