Economy seen hurting as thousands of Japan’s ‘zombie’ firms legally dodge bankruptcy

The owner of a car repair business in northwest Tokyo has been digging into his retirement fund to keep his shop going. He’s in his mid-60s, he’s not making money and he knows he’ll eventually have to close down. But for now, he’s managing to keep hold of his single remaining mechanic by deferring his […]

The post Economy seen hurting as thousands of Japan’s ‘zombie’ firms legally dodge bankruptcy appeared first on The Japan Times.

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