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Corporate Failure Shakes Up Japan
Kohjin Co a pulp textile and real estate conglomerate with about 250 million in annual sales said it will declare bankruptcy Japan's biggest corporate failure since World War II. Central bank officials warned of a potential chain of bankruptcies and prepared special credit lines for linked firms. Kohjin's president Nishiyama was hospitalized with what officials called a heart attack due to business stress.
MENTIONED IN THIS ARTICLE
Tokyo
Kohjin Co
Japan
Teiichiro Morinaga
Bank of Japan
International Monetary Fund
Washington
Marinaga
Kohjin
Yuichi Nishiyami
Kohlin
I Is
Tokyo Stock Exchange
Dai-Ichi Kangyo Bank Ltd
Robiin