29-Dec-2009 12:35 PM
Japan government plays it tough with Japan Airlines; slots a factor in immunity push?
Analysis
The DPJ government's decision last weekend to go back on an earlier "understanding" by five cabinet ministers to provide financial support to Japan Airlines (JAL) is possibly pivotal in the way the saga will play out. It implies that, despite some apparent wavering, the new government has recaptured its resolve to play it tough with the flag carrier. Also, maintaining bankruptcy as a clear option on the table means that outcome permutations multiply.
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