I always thought that if corporate raiders were allowed to descend upon Japan, the companies could be kicked into action.
There just seems to be a lot of bloat, not only from conglomerates with tons of subsidiaries but also from their ballooning cash hordes and debt free balance sheets. It makes the corporate loan demand very very low in Japan which creates issues for their banks when it comes to acquiring good borrowers for loan income.
We had this happen in the 70s when raiders went after old school economy companies (think Asher Edelman). They really helped weed out the inefficient enterprises.
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I always thought that if corporate raiders were allowed to descend upon Japan, the companies could be kicked into action.
There just seems to be a lot of bloat, not only from conglomerates with tons of subsidiaries but also from their ballooning cash hordes and debt free balance sheets. It makes the corporate loan demand very very low in Japan which creates issues for their banks when it comes to acquiring good borrowers for loan income.
We had this happen in the 70s when raiders went after old school economy companies (think Asher Edelman). They really helped weed out the inefficient enterprises.