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From Times Staff and Wire Reports
Japanese Insolvencies Jump 69%: Corporate insolvencies in Japan climbed 69% in December--to 1,204 from 713 in December of 1990, a credit research agency reported. Teikoku Data Bank Ltd. said the debt involved in the insolvencies was the second-highest monthly total ever--about $6.9 billion or 868.23 billion yen. The record was August’s 957.26 billion yen. The real estate industry was especially hard hit in December, with 199 insolvencies.
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