AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Industrial Revitalization Corp. Launched.
(From Journal of Japanese Trade & Industry (JJTI))
On May 8, the state-backed Industrial Revitalization Corp. of Japan (IRCJ) started full-fledged operations, aiming to help rehabilitate heavily indebted companies. The move signals that the government-led efforts will go into full swing to achieve industrial revival and solve banks' non-performing-loan (NPL) problems.
The IRCJ is expected to select the first corporate borrower for a bailout after strictly assessing the rehabilitation plans put forward by candidate companies and their creditor banks. The IRCJ will work closely with the government and the Bank of Japan, while lawmakers will work harder to come up with a legal framework to better cope with the NPL problem.
The IRCJ is charged with purchasing loans owed by viable corporate borrowers from their lenders other than main creditor banks and helping them to rehabilitate. In doing so, the IRCJ will encourage the companies to withdraw from unprofitable businesses. But it is unclear how the IRCJ can alleviate excessive competition accelerated through industrial consolidation.
Capitalized at \50 billion, the IRCJ is to last ...
- $80 billion and nowhere to go frustration for a hamstrung IRCJ: why the...
- Magazine article from: Japan Inc. Dodd, John February 1, 2004 700+ words
"Remember the Industrial Revitalization Corporation of Japan...proven correct--the IRCJ is still muddling...Investment Analyst THE INDUSTRIAL REVITALIZATION CORPORATION of Japan...sick companies, the IRCJ in its first nine...
- The Industrial Revitalization Corporation of Japan (IRCJ).(Look Out Post)(Brief...
- Magazine article from: Look Japan November 1, 2003 700+ words
The Industrial Revitalization Corporation of Japan (IRCJ), a government...dollars), the IRCJ will come to hold...making organ of the IRCJ, speaks to reporters...minister in charge of industrial revitalization, looks on.
- IRCJ may purchase share in Daiei.(Global)( Industrial Revitalization Corp. of...
- Magazine article from: MMR January 10, 2005 700+ words
TOKYO -- The Industrial Revitalization Corp. of Japan (IRCJ) has announced that it might...ownership position would give the IRCJ the right to major decisions...million in fresh capital. The IRCJ also is considering the sale...
- IRCJ divests Daiei shares.(Industrial Revitalization Corp. )(Brief article)
- Magazine article from: MMR August 21, 2006 700+ words
TOKYO -- The Industrial Revitalization Corp. of Japan (IRCJ) plans to sell its stake in...billion yen ($603 million). IRCJ is a government-backed entity...economy of the 1980s. Under IRCJ's aegis, Daiei has closed...
- IRCJ chief satisfied as bailout body prepares to wind down.
- Newspaper article from: Japan Times (Tokyo, Japan) March 14, 2007 700+ words
...Atsushi Saito, president of the Industrial Revitalization Corp. of Japan, is confident...revive ailing companies. IRCJ "helped Japan avert a financial...those companies. Because IRCJ came to acquire the loans...difficult." On Thursday, IRCJ will officially announce the...
- JAPAN'S IRCJ TO COMPLETE PROJECTS 1 YEAR AHEAD OF SCHEDULE.
- News wire article from: AsiaPulse News January 9, 2007 700+ words
...TOKYO, Jan 9 Asia Pulse - The Industrial Revitalization Corp. of Japan (IRCJ) is set to wrap up operations...the end of February, the IRCJ will shut its doors for good...stock market upturn, the IRCJ is expected to recoup all...
- 3 groups bid for Daiei sponsorship in IRCJ-supervised tender.
- Newspaper article from: Kyodo News International (Tokyo, Japan) February 28, 2005 700+ words
...organized by the Industrial Revitalization Corp. of Japan...related move, the Industrial Revitalization Committee, the agency...value basis. The IRCJ will pick bid winner...of Daiei and the IRCJ will hold another...
- KANEBO SKIRTS MANAGEMENT RESPONSIBILITY VIA IRCJ ASSISTANCE.
- News wire article from: AsiaPulse News February 17, 2004 700+ words
...receive assistance from the Industrial Revitalization Corp. of Japan (IRCJ) negated Kao Corp.'s...restructuring efforts, the IRCJ aid will allow Kanebo's...to seek assistance from the IRCJ. Kanebo's cosmetics operations...