Japan on the brink?
Am here in Japan with our good friend, Takeru Ohe, discussing the prospects for Japanese business. It seems although the stock market is up, savings rates are still very low.
Change, however seems to be in the wind. Companies that never before used M&A or restructuring are starting to use those tools effectively. Some companies that haven’t restructured quickly enough (Sanyo and Pioneer come to mind) are starting to lose out to those that are willing to change, such as Matsushita (parent company of Panasonic brands).
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