Cash Hoard Shows That Corporate Japan Has Leeway to Boost Pay
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Japan Inc.’s cash hoard remains near a record, giving executives a stockpile almost half the size of the economy as they show signs of committing to pay raises that could spur growth.
Corporate cash and deposits increased 4.3 percent from a year earlier to 231 trillion yen ($1.9 trillion) at the end of December, close to last March’s all-time high 233 trillion yen, according to Bank of Japan data released Wednesday.