Japan trade minister says not considering Toshiba rescue plan
[TOKYO] Japan's minister for economy, trade and industry, Hiroshige Seko, said on Friday a rescue plan for embattled conglomerate Toshiba Corp was not under consideration at his ministry.
Mr Seko told reporters after a cabinet meeting that he would closely monitor the steps taken by Toshiba's management.
Toshiba is under pressure to come up with cash as it faces a bigger-than-expected writedown for its US nuclear business that local media have said could come in at US$6 billion.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah