And current Japanese government polices are killing off succession now in favor of PE M&A. Slapping a 55% inheritance tax makes large portions of these heritag

And current Japanese government polices are killing off succession now in favor of PE M&A. Slapping a 55% inheritance tax makes large portions of these heritage businesses unaffordable for the next generation - especially given that a number of them aren't neccesarily interested in continuing the family business.