Japan Moves to Take Stakes in Ailing Companies (http://www.nytimes.com/2009/01/28/business/worldbusiness/28yen.html?scp=2&sq=Japan&st=cse)
Japan, in an effort to prevent small and medium-sized companies from failing as demand falls, have pumped aid into the sector. This move reflects that done be the U.S. and Europe which partially nationalized some operations. Japan added that the aid was not for free but allows the government to take partial stake in these companies. As the effects of the economic down turn are felt around the world, are the efforts being made to combat the situation correct (or will this be another mess-up like in the early 1930's?)
posted by Adria Schwarber at 7:01 PM
2 Comments:
were any specific companies mentioned in this article? is it automakers, electronics companies, etc? or more small scale companies?
were there new policies required when the money was given or was the money just a possible controlling factor in the future?
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