business

Japan gov't-led bid for Toshiba chip unit to include SK Hynix

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By Taiga Uranaka and Se Young Lee

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© Thomson Reuters 2017.

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still cannot fathom why they sell the best and keep the worst. why not spin out the chip unit as a newco.

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J Gov seems to realise that if J Corps get sold to overseas bidders they will be far less inclined to accept low returns on loans to J Gov. The only reason J Gov can maintain a ridiculously high government debt to GDP is that most of the debt is owned by the Japanese themselves. Pesky foreign investors will not tolerate this and will seek to asset strip as they always do which would create a spiral of disaster to befall the over spending J Gov.

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