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To: Simon who wrote (15432)4/14/1998 5:24:00 AM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
Japan 97/98 bankruptcy debts hit record Y14.5 trln

biz.yahoo.com

<< Debts of Japanese firms that went bankrupt in the year to March 31 jumped 56.8 percent from the previous year to 14.52 trillion yen, a record for a third straight year, a credit research firm said on Tuesday.

Tokyo Shoko Research said in its monthly report that the number of corporate bankruptcies in the 1997/98 fiscal year grew 16.4 percent to 17,496, reflecting Japan's deepening economic gloom. >>

Simon,

Or as we say up here in the Great White North .... 'Shit Happens'. Apparently the same is true in Japan.

:-))

John

PS - Actually, the snow is gone and the last of the ice finally melted off my pool last weekend. Time to rig up the solar pool heater < G >