2023 Volume 57 Issue 1 Pages 4-17
The real reason behind the recent emphasis on human capital discussions in Japan seems to be the society’s concern about a strong orientation for stockholders’ interests among large Japanese companies.
These large Japanese firms have been increasing dividend payments to stockholders on a considerable scale and have relatively neglected wage payments to employees. Furthermore, the firms have been suppressing capital investment for a long time. This could lead to no meaningful growth perspective for Japanese firms.
We have to pay serious attention to the duality of money and people as the essential elements of the composition of the firm as an economic organization.
