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Expense Accounts in Japan Exceed Salaries in Hovering Splurge
The article reports that Japanese businessmen on modest weekly wages fund lavish lifestyles through expense accounts, while top executives at major firms spend about $30,000 yearly on social expenses. Geisha parties and golf outings drain these accounts, with some companies maintaining dozens of geisha houses and a few hundred dollars monthly in golf costs.
MENTIONED IN THIS ARTICLE
Japan
Consolab
Ateang
Iron and Steel
Tokyo
Gest Steel Companies
Ja’pans National Tax Bureau