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This is the column "Did COVID-19 create more zombie firms in Japan?" written by Gee Hee HONG, RIETI Senior Fellow ITO Arata, Anh NGUYEN, and RIETI Fellow SAITO Yukiko. ....
While large businesses in Japan have seen a gradual increase in labour productivity since the global financial crisis, the productivity of SMEs remains stagnant. This column investigates the effects of the Japanese government’s Business Sustainable Subsidy programme, launched in response to this situation, on SMEs’ performance. The findings suggest that application to the ....