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Japanese Companies Are Flush With Cash

Cash and liquid assets as percentage of total corporate assets

Archibald Ciganer, Positive Signs for Japan’s Post‐Coronavirus Outlook
T. Rowe Price Insights, June 2020

(Fig. 1) Cash and liquid assets as percentage of total corporate assets

Japan Companies Cash

As of December 31, 2019.

Source: Japan Ministry of Finance, data analysis by T. Rowe Price. Includes nonfinancial stocks only.

 

USD 6.5+ trillion

Cash held on Japanese company balance sheets.1

1 Source: Japan Ministry of Finance. As of December 31, 2019.