(NYT) Japanās Business Owners Canāt Find Successors. This Man Is Giving His Away.
January 3, 2023
Hidekazu Yokoyama has spent three decades building a thriving logistics business on Japanās snowy northern island of Hokkaido, an area that provides much of the countryās milk.
Last year, he decided to give it all away.
It was a radical solution for a problem that has become increasingly common in Japan, the worldās grayest society. As the countryās birthrate has plummeted and its population has grown older, the average age of business owners has risen to around 62. Nearly 60 percent of the countryās businesses report that they have no plan for what comes next.
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https://www.nytimes.com/2023/01/03/business/japan-businesses-succession.html