Bloomberg Businessweek

The Curse Of Zombie Inc.

• Companies that refuse to die are cropping up beyond Japan, where they’re still a problem

• “Politically it’s impossible to take away support from the little guys”

Not one of the almost 4,000 publicly traded companies in Japan filed for bankruptcy protection in the fiscal year that ended in March. Shinzo Abe has touted the decline in business failures as proof the country’s economy is reviving. But where the prime minister sees signs of life, dubious critics see zombies—that is, failing companies that keep staggering along

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