Boosting Profits While Wages Sag: Japan

``Businesses aren't borrowing, because there's nothing to invest in. And there's nothing to invest in because there's no demand. And there's no demand because people's wages are dropping, they have to set aside more money for their daily expenses and retirement, and because the outlook for the future has never been more bleak. So they're not borrowing, the economy is not growing and the prospects for a strong recovery--or even an end to deflation--are minimal to none.''