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Japan's small firms struggle to stay afloat after quake

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AsahinaKimi Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-28-11 12:12 AM
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Japan's small firms struggle to stay afloat after quake
By Mariko Oi
Asia Business Report, BBC World News

Japan's first quake-related bankruptcy did not happen in the epicentre of the devastation. It happened in Fukuoka, more than 1000km away.

BIC is a 22-year-old company organising concerts in the southwest island of Kyushu.

It was already struggling with weak sales. When it filed for bankruptcy on 18 March, it had a total debt of 150m yen ($1.8m; £1.1m).

According to documents filed to the Fukuoka District Court, cancellations of popular events due to the earthquake were the final blow.

continues..
http://www.bbc.co.uk/news/business-13207847
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