Japan's Sharp rescue may not be such a bright idea
A bailout to keep the LCD maker in Japanese hands, rather that sell it to rivals, may not shield it from pricing pressures and fierce competition
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Tokyo
A STATE-BACKED Japanese fund is frontrunner to rescue Sharp Corp, ahead of a rival approach from Apple supplier Foxconn, but industry insiders question whether it can protect the group in the long term amid cut-throat competition.
Innovation Network Corporation of Japan (INCJ), if successful, would represent the third bailout in as many years for Sharp, known for its liquid crystal display (LCD) technology and super-thin screens.
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