JAL Bankruptcy Shakes Up Japan Inc.

Flying Into Turbulence

After almost six decades in business as the country’s flag carrier, Japan Airline’s expected bankruptcy filing Tuesday could wipe out shareholders, cause the value of its bonds to plummet and alter global investor attitudes toward Japan, where, until now, shareholders had believed in a governmental safety net that would prop up ailing companies indefinitely. See major events of Japan’s national champion, which had been seen as “too big to fail.”

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