politics

Japan may need scheme to inject funds into ailing firms, says LDP lawmaker

8 Comments
By Yoshifumi Takemoto

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The government should sell a few buildings or land or Abe’s spare plane or company stocks-there’s plenty to choose from...

3 ( +4 / -1 )

Japan's government and central bank may need to set up a special purpose vehicle to inject capital into companies hit by the coronavirus pandemic, an influential ruling party lawmaker told Reuters on Friday.

Yes of course. We wouldn't want the Executives to lose out on their summer bonuses.

6 ( +6 / -0 )

The corporate welfare gravy train kicking into high gear.

7 ( +7 / -0 )

If it weren't for socialism, capitalism would have died ages ago.

3 ( +3 / -0 )

This will never happen, but – it would be interesting to see what would happen if the government allowed

key Japanese industries and companies that play a key role in regional economies

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.

4 ( +4 / -0 )

One idea would be to create a scheme where the government joins hands with the Bank of Japan to acquire preferred stocks of the company in need of help

”join hands” this would go against social distancing rules.

Does “create a scheme” mean scandal, fraud or corruption?

0 ( +0 / -0 )

Tax went up specifically to support loss making companies run by ex bueuracrats

1 ( +1 / -0 )

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