Shisaku on the Japan Air Lines bailout

June 10, 2009
By Ken Worsley

Last week it was reported that struggling Japan Air Lines is set to receive a 100 billion yen worth of loans from the state-backed Development Bank of Japan, Mizuho Corporate Bank, Bank of Tokyo-Mitsubishi UFJ and Mitsui Sumitomo.

Later that same day, blogger Shisaku pointed out the presentation of this news in the Yomiuri Shimbun, in a post entitled Left Hand, Meet Right Hand:

Headline, upper lefthand corner, the morning edition of The Yomiuri Shimbun, June 3, 2009, page 1.

“The GM Bankruptcy Part 2: In the Restructuring Plan, the Shadow of Protectionism”

Headline, upper lefthand corner, the morning edition of The Yomiuri Shimbun, June 3, 2009, page 2.

“Japan Airlines to Receive Up to 100 Billion Yen in Financing from the Development Bank of Japan and Others Before This Month Is Out”

Of course, JAL isn’t actually bankrupt…right?

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