business

KKR, Carlyle, others seek limit of Japan government funds

9 Comments
By Junko Fujita

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9 Comments
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Wait, isn't Bain Capital the company that was headed by Mitt Romney, that was famous for buying companies, adding to their debt, then selling them off piece by piece, for a huge profit and sticking the US tax payer with a huge bill, all the while putting countless thousands on the unemployment lines? I agree with the Japanese gov't to try and help these companies their own way, private equity firms be damned!

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And American car companies still can't compete with Toyota or Honda. Do you know anything about America?

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Oh, and selling out investors in exchange for overpaid union workers is WORSE than what Japan does IMHO.

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herefornow: One of the major reasons big Japanese firms, like the electronics ones, have fallen behind their global competition, is just that attitiude. These firms are terribly inefficient by global standards. And, as stated in the article, a "soft restructuring" backed by government funds, more concerned about employment than efficiency, will only prolong their problems. Sometimes "tough love" is the best sloution and Japan Inc needs to face that fact and stop hiding behind the government's skirts. Man up.

The private equity groups would layoff everyone and sell off the company piece by piece if it brought in one more dollar than turning it around. They only care as far as it makes a profit for them, and nothing else, especially not jobs or the problems it might cause in particular communities.

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jeff198527: And American car companies still can't compete with Toyota or Honda. Do you know anything about America?

Get over yourself. The article is about restructuring Japanese companies.

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Yes, and you liberals think it's genius when Obama does it, but wrong when Japan does it. You honestly see no double standard? Are you that obtuse or do you just hate Japan because it's a conservative country?

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It's wrong when Japan does it, but when Obama bails out the US auto industry it's fine.

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I agree with the Japanese gov't to try and help these companies their own way, private equity firms be damned!

MarkX -- Nonsense. You think too much like Marx. One of the major reasons big Japanese firms, like the electronics ones, have fallen behind their global competition, is just that attitiude. These firms are terribly inefficient by global standards. And, as stated in the article, a "soft restructuring" backed by government funds, more concerned about employment than efficiency, will only prolong their problems. Sometimes "tough love" is the best sloution and Japan Inc needs to face that fact and stop hiding behind the government's skirts. Man up.

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It's wrong when Japan does it, but when Obama bails out the US auto industry it's fine.

Jeff, if you knew what you were talking about, you'd know there is a huge difference. When Obama, actually it was Bush who started the ball rolling, bailed out the U.S. car companies, it was to institute the "tough love" I spoke of. Which in GM and Chysler's cases involved managed bankruptcies, massive layoffs, re-structuring union contracts, and, even allowing foreign ownership into Chrysler (Fiat). That is NOT what the J-government is going to do.

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