Japanese Companies Continue to Spend More than 400 Million Yen Each for Philanthropy Despite the Economic Recession | Japan for Sustainability

Japanese Companies Continue to Spend More than 400 Million Yen Each for Philanthropy Despite the Economic Recession | Japan for Sustainability: "Japanese Companies Continue to Spend More than 400 Million Yen Each for Philanthropy Despite the Economic Recession

The Committee on Corporate Philanthropy and the One Percent Club of the Japan Business Federation (Nippon Keidanren) announced the results of a survey on philanthropic activities in FY2009 on October 19, 2010. According to the survey, total expenditures for philanthropic activities by the 348 responding companies in FY2009 were 153.3 billion yen (about U.S.$ 1.8 billion). The average per company was 441 million yen (about U.S.$ 5.3 million), down 5.2 percent from previous year, but above the 400 million yen level (U.S.$ 4.8 to 6 billion) for the fourth straight year despite the severe economic conditions."