Japan Shows Rising Frustration With Companies Sitting on Cash
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Japan is stepping up pressure on companies to use their near-record cash stockpiles to help drive growth, with Finance Minister Taro Aso saying Thursday the government should consider a tax to prod businesses into action.
“Japan should carefully consider issues like this,” Aso said in Parliament in response to a question from a lawmaker in his party about imposing an extra levy on retained earnings. “I share your concerns,” he said.