IMF paper considers corporate governance reform in Japan
Corporate cash holdings ‘likely’ holding back growth prospects
Improving corporate governance in Japan could "significantly" reduce corporate cash holdings, according to a working paper published by the International Monetary Fund (IMF) earlier this week.
In Unstash the cash! Corporate governance reform in Japan, Chie Aoyagi and Giovanni Ganelli note that Japan's corporate sector stands out from other advanced economies because of its high cash holdings, which they argue "are likely to be holding back both potential and short-term growth".
The authors
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