P.M. Briefing : Japan Entertainment Tab Soars
From Times Wire Services
TOKYO — Japanese companies spent a record $36.6 billion on corporate entertainment in the year ending January, 1990, the tax agency reported today.
The average company spent $18,700 to entertain business contacts at bars, restaurants and on golf courses, as well as for gifts. This was a 9.4% increase from the previous year, the agency said.
In recent years, the corporate entertainment bill has been larger than the nation’s defense spending.
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