Moreover, there are other factors specific to Japan. An increase in the number of non-regular employees with low wages is one. Another factor is  4  BIS Review 120/2008  the mass retirement of baby-boomers who were paid higher wages than young workers, and the resulting replacement of high-wage old workers by low-wage young ones.
Currently, and under the SCB proposal, a firm must decide whether to increase or decrease its planned dividends and share repurchases for the upcoming year without knowledge of a key constraint: the results of the stress test.