Nomura Joins Japan’s Overseas Push With Biggest Deal Since 2008

Nomura Holdings Inc.’s $1.8 billion purchase of some Macquarie Group Ltd. assets in the US and Europe adds to a surge in overseas deals by Japanese firms, even with the trade war rattling global markets.

The volume of Japanese mergers and acquisitions abroad has climbed almost 70% so far this year from the same period in 2024 to about $28 billion, according to data compiled by Bloomberg. January to March was the busiest first quarter in at least 27 years, the figures show.

“Despite market volatility and geopolitical tensions, Japanese companies are still hungry for outbound acquisitions,” said Takeshi ...