Japan Bankruptcy Debt Sets Record

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

TOKYO (AP) - The liabilities left behind
by corporate bankruptcies in Japan climbed
48 percent to a postwar high of 10.9 trillion
yen ($100.9 billion) in the first half of
this fiscal year, a research agency said

. . .

Bankruptcies in the first half of fiscal
2000, which began April 1, rose 19.6 percent
over the same period last year to 9,473 cases,
the seventh-highest figure since World War
II, the private Teikoku Databank said.

. . .

Teikoku said things were not expected to
improve, forecasting a total of more than
19,000 bankruptcies in the 2000 calendar
year, matching the number in 1998, which
was the second-worst year in the postwar

"The fear is increasing that from October
to the end of the year, many companies will
be hit by a further worsening in business
conditions and will have trouble raising
funds," Teikoku said.

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-- spider (spider0@usa.net), October 16, 2000

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