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© Thomson Reuters 2020.Japan may need scheme to inject funds into ailing firms, says LDP lawmaker
By Yoshifumi Takemoto TOKYO©2024 GPlusMedia Inc.
8 Comments
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kurisupisu
The government should sell a few buildings or land or Abe’s spare plane or company stocks-there’s plenty to choose from...
since1981
Yes of course. We wouldn't want the Executives to lose out on their summer bonuses.
dagon
The corporate welfare gravy train kicking into high gear.
JeffLee
If it weren't for socialism, capitalism would have died ages ago.
borscht
This will never happen, but – it would be interesting to see what would happen if the government allowed
to go bankrupt. Lots of financial pain, I'm sure, but what will replace these 'key Japanese' industries? My guess, the same industries – they're 'key', right? – but with different financial & manufacturing plans; maybe even different managers and CEOs. (ie not amakudari chumps.)
In the 2008 financial crisis caused by American greed (sub-prime loans), South Korea allowed Daewoo (4th largest conglomerate) to go bankrupt. They also closed and merged weak banks and provided capital to strong banks. South Korea’s recovery was faster than either Japan, the US, or Europe.
They did Not give money to bars to close during a fake lockdown.
Goodlucktoyou
”join hands” this would go against social distancing rules.
Does “create a scheme” mean scandal, fraud or corruption?
Cricky
Tax went up specifically to support loss making companies run by ex bueuracrats