Executive Summary In the first quarter of 2026 (January–March), the number of cross-border M&A by Japanese companies across Asia-Pacific (APAC) reached 91 (Syntax Partners research, on an observation-date basis; the same applies hereafter). By country and region, Singapore led with 18 deals (19.8%), followed by China (12 deals, 13.2%), Thailand (10 deals, 11.0%) and Taiwan…