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Accounting Fraud-Linked Bankruptcies on Rise in Japan

Accounting Fraud-Linked Bankruptcies on Rise in Japan

   Tokyo, Nov. 16 (Jiji Press)--The number of small companies going bankrupt after window-dressing their earnings is on a gradual uptrend in Japan.
   Meanwhile, some banks have got their fingers burned, as they provided loans to such firms without conducting adequate screenings at a time when the Bank of Japan's superloose monetary policy is eroding their earnings.

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AFP-JIJI PRESS NEWS JOURNAL


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