Thursday, August 30, 2012

Zombie allusions: They just keep on coming-In Japan, "[]he traditional way to kill a zombie is to put salt in its mouth and sew its lips shut" Now Japanese companies...

http://in.reuters.com/article/2012/08/30/sharp-japanese-banks-restructuring-idINL2E8JU10620120830



COMMENT-Japanese banks should kill the Sharp zombie



Japanese banks should let Sharp go bankrupt
* Sharp shows all that is wrong with Japanese business
* Bailing out Sharp may not turn company around
By Nachum Kaplan
"Aug 30 (IFR) - The traditional way to kill a zombie is to put salt in its mouth and sew its lips shut. In the case of Japanese zombie companies, a better approach would be for creditor banks to stop bailing them out and let them go bankrupt. Electronics maker Sharp Corp looks just like a zombie in need of such slaying.
..........
Everything about Sharp and its relationship with its banks shows what is wrong with business in Japan."

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