Japan’s Well-Fed Zombie Corporations
(From Mises)
Many (Japanese) companies are in economic distress due to the never-ending stagnation but survive thanks to comprehensive aid. The corporate sector as a whole is zombified, despite a high equity ratio, because it does not invest in market adjustments and relies on government aid and restrained wage demands by workers.
This article was originally posted here: https://www.ac2news.com/2021/03/japans-well-fed-zombie-corporations/.
