JETRO Invest Japan Report 2025
Chapter1. Global Trends in Inward FDI Section 4. Global Cross-Border M&A Transactions
Driven by developed economies, showing signs of recovery
According to UNCTAD, global cross-border M&A transactions (based on the location of the target entities) totaled 442.7 billion US dollars in 2024, recovering by 14.4% from the sluggish previous year (Chart1-7). By country and region, the United States recorded 167.8 billion US dollars, a substantial increase of 104.3% year-on-year, accounting for 37.9% of the global total. Japan saw a year-on-year increase of 21.5%, ranking 11th in the world (Chart1-8).
| Country/Region | 2022 | 2023 | 2024 |
2024 Growth rate (YoY) |
|---|---|---|---|---|
| World | 725,459 | 387,066 | 442,692 | 14.4 |
| Developed economies | 612,360 | 308,198 | 418,327 | 35.7 |
 Europe
|
369,044 | 161,267 | 166,965 | 3.5 |
|
European Union
|
143,417 | 77,892 | 107,916 | 38.5 |
|
Italy
|
11,673 | 4,401 | 29,585 | 572.3 |
|
Germany
|
8,315 | 27,611 | 29,381 | 6.4 |
|
United Kingdom
|
205,693 | 54,021 | 37,608 | -30.4 |
|
Russia
|
-3,382 | -4,992 | -3,000 | * |
|
North America
|
153,100 | 102,861 | 195,839 | 90.4 |
|
United States
|
133,354 | 82,143 | 167,848 | 104.3 |
|
Canada
|
19,746 | 20,718 | 27,992 | 35.1 |
|
Japan
|
11,467 | 7,462 | 9,063 | 21.5 |
|
Australia
|
55,051 | 24,793 | 33,244 | 34.1 |
| Developing economies | 113,099 | 78,869 | 24,364 | -69.1 |
|
East Asia
|
31,763 | 24,032 | 14,837 | -38.3 |
|
China
|
15,826 | 21,906 | 11,222 | -48.8 |
|
Hong Kong
|
12,663 | 2,190 | 3,076 | 40.5 |
|
Southeast Asia
|
11,605 | 28,220 | 10,967 | -61.1 |
|
Singapore
|
9,945 | 6,588 | 6,106 | -7.3 |
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Note:
Regional classification is as defined by UNCTAD. Items marked with * in the table are not shown as one of the comparative data is negative.
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Source:
Based on the "World Investment Report 2025" of UNCTAD
| No. | Country/Region | 2024 |
2024 Growth rate (YoY) |
|---|---|---|---|
| 1 | United States | 167,848 | 104.3 |
| 2 | United Kingdom | 37,608 | -30.4 |
| 3 | Australia | 33,244 | 34.1 |
| 4 | Italy | 29,585 | 572.3 |
| 5 | Germany | 29,381 | 6.4 |
| 6 | Canada | 27,992 | 35.1 |
| 7 | Norway | 16,260 | 270.7 |
| 8 | Sweden | 11,277 | 160.8 |
| 9 | China | 11,222 | -48.8 |
| 10 | France | 9,746 | 66.1 |
| 11 | Japan | 9,063 | 21.5 |
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Source:
Based on the "World Investment Report 2025" of UNCTAD
JETRO Invest Japan Report 2025
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Section1
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Section2
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Section3
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Section4
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Section1
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Section2
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Section3
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Section4
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Section5
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Section1
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Section2
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Section3
(2.9MB)Laws and Regulations on Setting Up Business in Japan Pamphlet
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