Japan's corporate debts triple in 1st half of FY2008
8/10/2008 16:56
Japan is burdened with huge corporate debts of up to 8.66 trillion yen
(US$85.74 billion) in the April-September period as a result of the collapse of
the Lehman subsidiaries in Japan, said the Tokyo Shoko Research today.
The
debt burden, which hit the second high in the first fiscal halves since the end
of World War II, was nearly three times as much as a year before, said the
research agency.
The four Lehman subsidiaries in Japan, including Lehman
Brothers Japan Inc., posted 4.7 trillion yen (US$46.53 billion) in debt,
constituting 54.2 percent of the total, it added.
Xinhua
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