• Kyodo News

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Yohji Yamamoto, Yoji Yamamoto’s globally renowned fashion house, said Friday it has filed with the Tokyo District Court for corporate rehabilitation after piling up ¥6 billion in debts.

“In effect, we have liabilities in excess of assets” as a result of the global recession since last year, the yen’s appreciation and sluggish personal consumption, said the design house, which was founded in 1972.

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