The Financial Times deal is part of a more global stance for Nikkei—and for Japan

Rumors had long been circulating that the Financial Times—known for its curiously pinkish hue—would be sold. But the $1.3 billion buyout, announced yesterday (July 23) by Japan’s Nikkei took many by surprise, both in Japanese and western media circles.

Perhaps it shouldn’t have. The Nikkei, which traces its history to the mid-1800s, has been quietly expanding overseas in recent years, and particularly increasing staff in Asia, including launching the English-language Nikkei Asian...

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