Asked how they intended to use their internal reserves in the future, 23 percent of companies in the survey said for mergers and acquisitions, versus only 4 percent that said wage increases.
- Only 5 percent said they were already deploying their cash for M&A
- Just 3 percent said they were already tapping their reserves for wage hikes
- One-third of companies plan to spend reserves on domestic capital investment while 13 percent aim to invest overseas
- Another 20 percent said they would hold onto their cash
via Reuters
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Survey conducted October 26 to November 7 for Reuters by Nikkei Research
- Polled 547 big and mid-sized firms,
- About 245 companies answered the questions on internal reserves
