Akebono Brake to accept ¥20 billion from turnaround fund

Business / Corporate Jul 19, 2019

Akebono Brake to accept ¥20 billion from turnaround fund

Struggling auto parts maker Akebono Brake Industry Co. said Thursday it will receive ¥20 billion in fresh capital from Japan Industrial Solutions Co., a public-private corporate turnaround fund. To accelerate its business reconstruction, Akebono Brake will also accept an official from the fund as a ...

Megabanks' $800 billion cash pile shows Abe must free up credit

Business / Economy Aug 14, 2014

Megabanks' $800 billion cash pile shows Abe must free up credit

Prime Minister Shinzo Abe has succeeded in wrestling down the yen and snapping a 15-year deflationary spiral. The challenge of spurring lending by the country's cash-hoarding megabanks remains. The nation's three largest lenders increased their cash and deposits with other financial institutions 5.7 percent in ...