|Picture: Japanese currency|
"Japanese companies in the Topic index...had an average return on equity of 6 per cent from 2003 through 2013, compared with 13.6 per cent for those on the S&P 500 and 12.6 per cent for those in the MSCI World Index according to Bloomberg....Japanese companies ......are sitting on a record amount of cash: about $3 trillion at the end of March (2014)"
Source: Pressure rises on Japanese corporates to deliver more to shareholders
By Megumi Fujikawa and Eric Pfanner
The Wall Street Journal
The Australian Newspaper
Friday June 27th June, 2014, page 25