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April 17, 2024
 

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BANKRUPTCY 3

Japan Times
BUSINESS / Economy
Jul 10, 2023
Corporate bankruptcies in Japan highest in five years in wake of COVID
The rise in failures involving liabilities exceeding ¥10 million comes as many companies have begun repaying interest-free and unsecured loans.
Japan Times
JAPAN / Politics
Jun 6, 2023
Japan OKs bills to digitalize divorce and bankruptcy procedures
The legislation will allow people to submit necessary applications online, instead of the current system of such documents being brought or mailed to courts.
Japan Times
BUSINESS
May 3, 2023
Japan sees 'zombie' firms rise 30% after zero-interest pandemic loan program
The number of corporate failures in fiscal 2020 dropped by nearly 20% from the previous year, and the number in fiscal 2021 hit the lowest level in 57 years, according to a research agency.
Japan Times
BUSINESS / Companies
Mar 28, 2023
Display maker JOLED, formed in Panasonic-Sony tie-up, seeks bankruptcy protection
Japan Display, a former shareholder of the company and a maker of liquid crystal displays, will take over the venture's technological development business.
Japan Times
BUSINESS / Markets
Dec 1, 2022
FTX’s Japan unit drafts plan to return client funds
The proposal, which has yet to be finalized, centers on using a platform called Liquid to facilitate the return of assets starting in January.
Japan Times
EDITORIALS
Nov 25, 2022
FTX collapse is a reminder of the simple reality of cryptocurrencies
One veteran of bankruptcies called the FTX collapse the worst he had ever seen — which included the $74 billion loss that followed the Enron debacle.
Japan Times
BUSINESS / Tech
Nov 21, 2022
What is next for the FTX fallout?
The dramatic collapse of the crypto exchange continues to reverberate throughout the industry.
Japan Times
BUSINESS / Tech
Nov 11, 2022
Elon Musk warns Twitter bankruptcy possible if cash burn lingers
The warning came amid a tumultuous start to Musk's reign at the social media company — a two-week period in which he has fired half of Twitter's staff.
Japan Times
BUSINESS / Companies
Nov 9, 2022
‘Grave of the Fireflies’ candy-maker goes bust as costs soar
The Tokyo-based company will end operations on Jan. 20, attributing the closure to rising raw material and energy prices as well as staff-hiring challenges.
Japan Times
BUSINESS / Economy
Oct 16, 2022
Corporate bankruptcies in Japan rise for first time in three years
Bankruptcies rose 6.9% in the April-September period from a year earlier to 3,141 as firms struggled with repaying government COVID-19 aid.
Japan Times
BUSINESS
Oct 5, 2022
Ruling LDP looks to continue aid to struggling Japan firms as pandemic loans end
The party will draw up new support proposals for firms at risk of default, aiming to reflect them in the government's economic package that will be put together by the end of the month.
Japan Times
BUSINESS / Companies
Jun 26, 2022
Japanese auto supplier Marelli files for court-led rehabilitation
Marelli had tried to turn itself around under an out-of-court settlement procedure called alternative dispute resolution, but the attempt ended in failure.
Japan Times
BUSINESS / FOCUS
May 9, 2022
In Japan, pressure builds on COVID-19 loan borrowers as repayments loom
Some borrowers of the government loans, worth up to u00a52 million and given to people who have lost their income or had it reduced due to the pandemic, have declared bankruptcy.
Japan Times
ASIA PACIFIC
Apr 28, 2022
A powerful dynasty bankrupted Sri Lanka in just 30 months
In recent weeks Sri Lanka has run out of cash to pay for essential goods like food and fuel, leading to long petrol lines and daily 13-hour power cuts.
Japan Times
BUSINESS
Jan 28, 2022
Fewest bankruptcies since 1966 raise fears of Japan 'zombie' firms
Japan has a long history of easy credit that's been blamed for keeping 'zombie” firms alive, which 'bring down the potential growth rate and can even sap the impact of monetary easing.”
Japan Times
BUSINESS / Longform
Sep 20, 2021
Kyoto is facing bankruptcy. What happens now?
Massive budget cuts have been proposed to stem the losses now that international tourism to the city has all but dried up.
Japan Times
BUSINESS
Aug 11, 2021
Kyoto's reconstruction plan calls for big spending cuts
Kyoto faces a financial shortfall of nearly u00a5280 billion over the next five years, and now day care centers, transport subsidies and the bureaucracy are on the chopping block.
Japan Times
BUSINESS / View from Osaka
Jul 2, 2021
Amid overspending, Kyoto stares down threat of bankruptcy
Some might attribute the city's financial woes to COVID-19's impact on tourism, but the mayor puts the lion's share of the blame elsewhere.
Japan Times
BUSINESS / Economy
Apr 11, 2021
Over 700 Japanese dining establishments failed in 2020 amid pandemic
The numbers of failed eateries dropped 36% and 56.3% in January and February respectively, followed by a 2.6% decline in March.
Japan Times
BUSINESS / Companies
Apr 1, 2021
How Masayoshi Son’s ‘money guy’ Lex Greensill went from hero to zero
Greensill Capital was a key part of what Son dubbed his 'Cluster of No. 1's” strategy, taking noncontrolling stakes in the world's leading tech companies and encouraging them to cooperate.
Akebono's human side eclipsed his incredible sumo achievements
The heights Akebono reached in sumo helped pave the way for future foreign-born yokozuna Asashoryu and Hakuho.
Death-row inmates' lawsuit targeting same-day notifications of executions dismissed
Two plaintiffs filed a lawsuit with Osaka District Court in hopes of sparking a wider discussion on the rights of death row prisoners.
Japan’s young workers head abroad as huge wage gap persists
The departure hall at Haneda Airport in Tokyo. Now with inflation at its strongest in decades, Japanese are starting to realize that years of static wages leave many of them budgeting each month before their next pay check.
By-elections to determine Kishida’s fate within LDP
LDP Secretary-General Toshimitsu Motegi and election strategy committee chair Yuko Obuchi speak to reporters in Tokyo on April 2.
For Modi, the Indian election is less about winning and more about by how much
Indian Prime Minister Narendra Modi addresses supporters during an election campaign rally in Pushkar, India, on April 6, ahead of the country's upcoming general election starting Friday.
For Modi, the Indian election is less about winning and more about by how much
Indian Prime Minister Narendra Modi addresses supporters during an election campaign rally in Pushkar, India, on April 6, ahead of the country's upcoming general election starting Friday.
Akebono's human side eclipsed his incredible sumo achievements
The heights Akebono reached in sumo helped pave the way for future foreign-born yokozuna Asashoryu and Hakuho.
Ohtani’s dizzying three weeks end in exoneration by authorities
Los Angeles Dodgers designated hitter Shohei Ohtani during a spring training game on March 12.
How ‘winged’ gyōza took flight from a Tokyo suburb
The creator of "hanetsuki gyōza" is Isao Yagi, and his restaurant, Nihao, can be found right on the border of Tokyo and Kawasaki in Ota Ward.
How Ippei Mizuhara allegedly wired millions from Shohei Ohtani’s account
Dodgers star Shohei Ohtani and his interpreter, Ippei Mizuhara, in December at SoFi Stadium in Inglewood, California

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on
By Lance Henderstein

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