McDonald's drops plan to dump Japan

|About: McDonald's Corporation (MCD)|By:, SA News Editor

McDonald's (NYSE:MCD) is shelving plans to sell a stake in its Japan unit that's seen a turnaround since it went on the block more than a year ago.

"We believe the market is poised to maintain its strong momentum," CFO Kevin Ozan declared.

The decision won't impact McDonald's long-term financial targets or its goal of having 95% of restaurants franchised over the long term.