zaitech

zaitech zai‧tech [ˈzaɪtek] noun [uncountable]

FINANCE in Japan, when a company buys valuable paintings, objects etc in order to hide the profits it has made:

• Many Japanese corporate collectors appear to have used high-priced art for tax purposes, a practice known here as `zaitech'.

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zaitech UK US /ˈzaɪtek/ noun [U] FINANCE

► in Japan in the 1970s and 80s, the practice of companies investing money borrowed at low interest rates so as to show higher profits than they got from their business activities alone: »

During the Japanese bull market of the 1980s , much adverse comment focused on the extent to which these companies engaged in zaitech.