Hostile bid subverts Japanese politeness.

The article focuses on the issues surrounding the Oji Paper's bid for Hokuetsu Paper Mills, which is under the advice of Nomura Bank. Nomura's division CEO for global investment banking, Takashi Yanagiya, made a short statement explaining the factors the bank considers when deciding whether to be a company's financial adviser, including whether or not the deal will contribute to an increase in value for the company's shareholders, other stakeholders, and the company itself. The reason Nomura has had to explain itself like this is because Oji's bid is a hostile one. In Japan, hostile bids just are not the done thing.