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PACIFIC WATCH

Japan

May 23, 1994|From Times Staff and Wire Reports

Bankrupt Companies' Debt Climbs: Japan's economic slump boosted the debt of bankrupt Japanese companies in April, pushing it up 2.9% from a year earlier to $3.75 billion, a debt research company said. But the number of bankruptcy cases fell 2.5% from a year earlier to 1,230, falling for the third straight month, Tokyo Commerce and Industry Research Co. said.

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