KKR, Bain and private equity’s push into Japan

26 Nov 2025 • 21 min • EN
21 min
00:00
21:43
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When international private equity groups first entered Japan at the turn of the 21st century, newspapers criticised them as vulture funds and politicians steered clear of public contact. Today, it’s a different story. Dozens of buyout groups have set up in the country and the establishment is courting them. The FT’s Tokyo correspondent David Keohane and Tokyo bureau chief Leo Lewis explain why there’s been a shift, and how private equity’s presence may rejuvenate Japanese corporates. Clips from Toho.  The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Is Japan private equity’s next frontier? Buyout firms play the long game beyond Tokyo Investors sense this time is different for Japan KKR-owned auto parts supplier Marelli files for US bankruptcy protection  - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow David Keohane (@DavidKeo) and Leo Lewis (@Urbandirt) on X. Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.  - - - - - - - - - - - - - - - - - - - - - - - - - -   To sign up for free to the new FT Alphaville newsletter on substack, go to ftav.substack.com Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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