Pretty sure Mari222 is not an industry insider and the bit about banks is just them guessing.
Japanese companies are NOTORIOUS for being resistant to borrowing. They operate their books on cashflow rather than credit. It's admirable, sort of, but the unwillingness to take on debt at all is a contributing factor to why they've spent the last 30 years in stagflation.
Yes, but it also means you don't attempt to grow with business cycles. There is such a thing as being TOO risk averse.
But in this case... for better or worse, banks have basically no sway over the animation industry; not IN Japan anyway. You can't pressure on someone who doesn't owe you anything.
Pretending like the banks don't have any power is naive. And if the banks didn't , the card companies certainly do, like how mastercard and Visa by making it so that people can't buy Japanese things with cards
Erm...
Pretty sure Mari222 is not an industry insider and the bit about banks is just them guessing.
Japanese companies are NOTORIOUS for being resistant to borrowing. They operate their books on cashflow rather than credit. It's admirable, sort of, but the unwillingness to take on debt at all is a contributing factor to why they've spent the last 30 years in stagflation.
Being resistant to borrowing is a good thing. Also the problem is the card companies
Yes, but it also means you don't attempt to grow with business cycles. There is such a thing as being TOO risk averse.
But in this case... for better or worse, banks have basically no sway over the animation industry; not IN Japan anyway. You can't pressure on someone who doesn't owe you anything.
Pretending like the banks don't have any power is naive. And if the banks didn't , the card companies certainly do, like how mastercard and Visa by making it so that people can't buy Japanese things with cards
That doesn't bother the producers in the slightest.
"Fuck America" is not an uncommon sentiment over there. They don't care if we buy or not.