In Japan, for instance, corporate cash balances are bigger than the capitalisation of the Tokyo Stock Exchange, which, until April this year, was the second most valuable stock market in Asia. Photo: Reuters
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

With a global recession looming, will cash-rich corporations swoop to the rescue?

  • Central banks and governments are stretched to the limit while big businesses sit on cash mountains that dwarf national economies. In a downturn, they can make investments and retain staff to shore up consumption and the economy. But will they do it?

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In Japan, for instance, corporate cash balances are bigger than the capitalisation of the Tokyo Stock Exchange, which, until April this year, was the second most valuable stock market in Asia. Photo: Reuters
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