labor2

Japan Press Service Co., Ltd. is the only news agency providing information of progressive, democratic movements in Japan

Corporate surplus funds reach 87 trillion yen

As of the end of December 2005, non-financial companies have accumulated 87.3 trillion yen in surplus funds, up 5 trillion yen from last year.

According to Akahata calculations based on the Bank of Japan statistics, corporations' excess funds have continued increasing since 2001, coinciding with the "V-shaped recovery" through corporate restructuring and personnel cuts that the Koizumi Cabinet encourages.

In this period, large corporations made a record-high profits as shown in a net profit of one trillion yen that the Toyota Motor Corporation has recorded for three consecutive years. On the contrary, one out of every four households ran out of personal savings.

The Japanese Communist Party demands that large corporations fulfill their social responsibility to shoulder burdens commensurate with their economic strength by returning a portion of their accumulated surplus to workers as wages.
- Akahata, March 30, 2006