Spending by the central and local governments (地方公共団体), which is required by laws and regulations (法令) and which the central and local governments cannot decrease at their own discretion, is called mandatory spending (義務的経費). This spending includes personnel costs (人件費),...
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A few weeks ago, I had coffee with a very talented executive. Let’s call him Kenji. He has a great job, a big salary, and a solid team. But he was unhappy. He felt bored and wanted a new challenge.…




