Shinsei to forgive loan to troubled builder Hazama

TOKYO, Japan - Masamoto Yashiro, chairman and chief executive officer of Shinsei Bank, speaks in an interview with Kyodo News on Aug. 10. Yashiro said the bank will forgive a loan to financially troubled contractor Hazama Corp. Shinsei, formerly the nationalized Long-Term Credit Bank of Japan, caused a stir in June when it refused to give up claims on loans to ailing department-store operator Sogo Co.

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Kyodo / Kyodo News Images

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