• Kyodo News

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Japan Airlines Corp., currently undergoing state-backed rehabilitation, is proposing a reduction in its debt waiver to its main creditor banks, sources said Thursday.

The move would bring JAL’s debt waiver down by about ¥20 billion from the current ¥400 billion it is asking from the creditor banks, the sources said.

The banks have been reluctant to accept JAL’s request for an increased debt waiver.

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