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Bankruptcies decrease, liabilities upDate Posted: 1998-07-30 The largest number of failures was among construction companies with 31 going under. 21 companies in service industries were the next largest group, followed by retailers. The Okinawa Prefecture Government has pledged to pump ¥47 billion in economic stimulus package in order to revitalize the local economy. However, many analysts warn that more failures will lie ahead because the basic capital position of many local companies is weak, and they cannot easily sustain heavy downturns in business. |
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