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Search resuls for: "Asia Times"


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What are zombie companies? Japan's "zombie" problem has been around for a long time, said William Pesek, author of the book "Japanization: What the World Can Learn from Japan's Lost Decades." Raising the borrowing cost will put these zombie companies at risk of bankruptcy and bailouts, which could have a broader impact on the economy if there are job losses. "But the aid program has led to an increase in the number of 'zombie' companies that would otherwise have been unable to continue operating," the report added. Japan's stock markets have also been testing new highs since 2023, and higher interest rates could halt the bull run.
Persons: Adam Pretty, William Pesek, we've, Pesek, CNBC's Martin Soong, Warren Buffett's, Warren Buffett, Kazuo Ueda, Ueda Organizations: Getty, Bank of Japan, Tide, Asia Times, Japan Times, CNBC, Nikkei Locations: TOKYO, JAPAN, Roppongi Hills, Tokyo, Japan, Asia
BEIJING, Nov 6 (Reuters) - Myanmar should cooperate with China to maintain stability on their common border, a Chinese official said on Monday, after a surge of fighting in Myanmar between junta forces and insurgents rocked the region. "Myanmar is called on to cooperate with China to maintain stability along the China-Myanmar border, earnestly ensure the safety of the lives and property of Chinese border residents, and take effective measures to strengthen the security of Chinese personnel," Nong said. Nong, who visited Myanmar on Nov. 3-5, said China hoped Myanmar would restore stability, and it supported all parties to properly handle differences and achieve reconciliation through dialogue as soon as possible. While Western governments have condemned the Myanmar military and imposed sanctions on it, China, along with Russia, have been supportive of the generals. China says it supports Myanmar in finding its own path and has urged the international community to respect its sovereignty.
Persons: Nong, Nobel, Aung, Wang Wenbin, Ella Cao, Bernard Orr, Tom Hogue, Robert Birsel Organizations: Asia Times, Thomson Locations: BEIJING, Myanmar, China, Thailand, Suu Kyi, Russia
Russia's biggest airline reportedly sent a plane to Iran for the first time for maintenance. Boeing and Airbus both stopped supplying Russian airlines with spare parts as part of the sanctions last spring. Aircraft lessors in the European Union were required to end contracts with Russian airlines last March. Analysts predicted Russia could start "cannibalizing" its fleet of planes for parts as Western sanctions blocked suppliers from sending parts and providing repairs for Russian airplanes. Russia reportedly signed an agreement with Iran last July to supply Russian airlines with Iranian airplane parts, and for Iran to provide maintenance and repairs for Russian aircraft.
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