As prime minister Abe encourages companies to spend more on wages, corporate cash holdings reach record level, up almost 6 percent from last year.
By Toru Fujioka, Bloomberg|December 19, 2013 at 05:10 PM
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Japanese companies’ cash holdings rose to a record last quarter, highlighting Prime Minister Shinzo Abe’s struggle to spur the investment and wage increases needed to end a 15-year deflationary malaise.