New Delhi, Dec. 10 -- India and Japan are likely to remain key drivers of Asia-Pacific Mergers and Acquisitions (M&A) deals in 2026, supported by stable economic conditions and regulatory developments, said S&P said on Wednesday.

S&P Global Market Intelligence highlighted that the Asia-Pacific's overall M&A value has dropped to USD 382.22 billion as of November 2025, reflecting a downward trend from previous years.

India's M&A transaction value increased to USD 44.89 billion, with more exit deals than buyouts, surpassing last year's total.

On the other hand, Japan's M&A value remains robust at USD 79.85 billion, with further growth anticipated due to rate hikes and a weaker yen.

Meanwhile, China's M&A activity has moderated, reaching ...