This Japanese Shop Is 1,020 Years Old. It Knows a Bit About Surviving Crises  

written by Ben Dooley, Hisako Ueno. added over 1 year ago by @icyflame ARCHIVES

japan business economics survival risks management    

The Japanese companies that have endured the longest have often been defined by an aversion to risk — shaped in part by past crises — and an accumulation of large cash reserves. It is a common trait among Japanese enterprises and part of the reason that the country has so far avoided the high bankruptcy rates of the United States during the pandemic. Even when they “make some profits,” said Tomohiro Ota, an analyst at Goldman Sachs, “they do not increase their capital expenditure.”

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