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