boj speech, 2023-11-30
The chief focus during the recession periods was on defensive management, which, among other things, led firms to (1) postpone efforts to identify and concentrate on core competencies as well as to realign their business portfolios --mainly through mergers and acquisitions (M&As) and sales of businesses --both aimed at strengthening earning power, and (2) suppress investment in human capital and research and development (R&D), which are key areas that lead to creating innovation.
Sentiment: neutral
Topic: mp_economic_activity