Japan Airlines to raise up to Y663 bil in share sale


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Someone cue me in here as I am naive about how Japanese markets work in relation to both the BOJ and the government: JAL is going to put out a share offering, to pay back the government for their bailout; so the public NOW has a chance to buy shares of a company that they HAD PREVIOUSLY bailed out? Is this correct?

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What about the 500 billion yen worth of debt that they they demanded the banks forgive? I don't suppose they have any plans to pay that back... not that the poor bank shareholders ever had any say in the matter.

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Buyer beware.

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