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Japan's cash-rich companies ready to spend more on M&A, not wages - Reuters poll

Reuters  |  TOKYO 

By Tetsushi KajimotoTOKYO (Reuters) - Japanese companies are warming to mobilising their mountains of accumulated cash for mergers and acquisitions but remain stubbornly resistant to wage increases, a Reuters poll showed on Monday.Prime Minister Shinzo Abe's government has struggled for years to coax companies to lift wages, seen as the missing link for a sustainable growth cycle led by consumer spending. But deep-seated doubts stirred in part by Japan's shrinking population have left them loath to take on higher fixed costs.Instead they have hoarded their cash or, increasingly, begun looking ...

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First Published: Mon, November 13 2017. 12:05 IST