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Japan property bankruptcies to rise in 2012, researcher says

Posted on 19 October 2011

More Japanese property companies may file for bankruptcy in 2012 as banks become more selective to improve their balance sheets as the outlook in the U.S. and Europe deteriorates, Tokyo Shoko Research Ltd. said.
About 500 real estate companies may go under next year, up from about 450 this year, according to estimates by Nobuo Tomoda, executive director at Tokyo Shoko. A total of 441 went bankrupt in 2010, the data showed. The Topix Real Estate Index fell the most in more than three weeks……………………………………….Full Article: Source


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