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Nintendo Founder s Family Office Joins Japan Systems Takeover Race

Nintendo Founder’s Family Office Joins Japan Systems Takeover Race Bloomberg 1/6/2021 Taro Fuse and Takashi Nakamichi © Bloomberg The Tokyo Tower, top right, stands illuminated in Tokyo, Japan, on Wednesday, Oct. 23, 2019. Japan has been attempting monetary-fiscal coordination since 2013, with a joint statement by the Bank of Japan and Prime Minister Shinzo Abe’s administration pledging to work toward 2% inflation and sustainable economic growth. Under Abenomics, as it’s known, the price goal was supposed to be achieved in just two years. Six years on, inflation is stuck below 1%. (Bloomberg) The family office of the Nintendo Co. founder is backing plans by senior executives at Japan Systems Co. to take the software company private, countering a takeover offer from a Hong Kong-based investment firm, according to people with knowledge of the matter. Shares rose.

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