Ministry of Economy, Trade and Industry. "White Paper on International Economy and Trade 2020" (Part I). https://www.meti.go.jp/report/tsuhaku2020/whitepaper_2020.html. 3 See Watanabe Tsutomu, "Shingata korona uirusu ga shōhi to bukka ni ataeru eikyō," Gekkan Shihon Shijō, no. 416, April 2020.
Firms that have developed a strategy to diversify their business may make use of mergers and acquisitions. Due partly to strengthening corporate governance, firms may increasingly buy back their own stocks or increase their propensity to pay dividends, both of which would increase payouts to shareholders.