On the final morning of the 57th Annual Australia-Japan Joint Business Conference in Osaka, the Australian and New Zealand Chamber of Commerce in Japan (ANZCCJ) together with Ashurst, Austrade, Macquarie and the South Australian Trade and Investment Office in Japan hosted a breakfast on Australian M&A and investment opportunities in Australia. The seminar was a platform for an engaging discussion with three key lessons emerging: The foundation of trust between Australia and Japan is paramount; due diligence and careful research into who you’re investing into and why they wish to partner with you is key; diverse investment opportunities exist in Australia with respect to size, industry and location, and one should think broadly about future partnerships between Australia and Japan.
Japan is Australia’s second largest source of foreign direct investment after the US and its investment continues to grow – doubling in the last decade to around AUD93 billion. Japan’s investment is diversifying from Australia’s traditional sectors such as resources and energy and agriculture, into renewables, information and communications technology, and financial services. From more complex transactions, including takeovers, to venture capital investments in technology, as well as an increasing trend of asset recycling, the cross-border M&A activity between Japan and Australia is becoming increasingly dynamic.
Speakers at this event included Austrade CEO Stephanie Fahey, South Australia Minister for Trade, Tourism and Investment, the Honorable David Ridgway, Macquarie Capital Senior Vice President, Kanna Mihara, MLC Life Insurance Chairman, Peter Grey, and President of Nanosonics Japan K.K Katsumi Maruyama. Ashurst Partner Natsuko Ogawa was panel moderator and Ashurst Japan Partner and ANZCCJ EC member Tracy Whiriskey was our MC.