FRC OK's write-off of Sogo's debt

FRC OK's write-off of Sogo's debt

TOKYO, June 30 Kyodo - Noboru Matsuda, head of the state-run Deposit Insurance Corp. (DIC), speaks at a news conference June 30 following approval by the government's Financial Reconstruction Commission (FRC) of the proposed purchase and partial write-off by DIC of 200 billion yen in loans to financially troubled department store operator Sogo Co.

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  • ILEA000005225
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  • Kyodo / Kyodo News Images
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