Nikkei Hopes Purchase of Financial Times Will Help It Thrive in Global Markets

The Japanese buyer of the Financial Times wants to move beyond its roots to tap international markets made easier to reach by the digital age.
Like many Japanese companies, Nikkei Inc. is looking overseas for growth in the face of a stagnant economy and shrinking population at home, a move accelerated for the 139-year-old business newspaper by the globalization of media and competitive pressures as readers shift online. Yoshikazu Mikami, a professor of media studies at Mejiro University in Tokyo said,
"Nikkei wanted to go global but they never succeeded in the way they wanted to succeed."