National Apr 13, 2013

Yubari posts 'debt clock' ticking off rehab

by Masaaki Kameda

The city of Yubari, Hokkaido, which declared bankruptcy in March 2007 with debts of ¥35.3 billion, has posted a clock on its website to show the real-time liability balance and amount it has repaid. The "debt clock" is the brainchild of Mayor Naomichi Suzuki in ...