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Japan Developers’ Woes Grow

22 August, 2008 (13:32) | Successes, WallStreet Journal | By: WSJ.com: Real Estate

Japan has seen a raft of property developers go to the wall this year as banks have refused to refinance their loans. Analysts say the bankruptcy filings are likely to set off a vicious cycle that will weigh on the sector's shares in the coming months.