Strange Days-

Well, you can tell that the end of the Japanese fiscal year (end of March) is rapidly upon us. As the deadline approaches there are more and more bizzare, panic moves going on. Kind of like college students pulling overnighters to cram for tomorrows exam, many Japanese companies are scrambling to sell assets and restructure before the final bell rings come March 31st.

Now a Japanese 'Kimono Billionaire', Genshiro Kawamoto, is trying to evict over 400 tenants from his properties in the Sacramento, California area. Kamamoto says that he needs to sell the property out from under the tenants to capture tremendous investment opportunities.... Could be, or perhaps he needs the cash to prop up the business in Japan.... Of course the Sacramento courts are giving the tenants a reprieve - probably for 120 days or so. If it turns out that the money was critical to save the Japan business, then the tenants might end up being able to buy the property for a song.... It will be interesting to watch the unfolding of this particular kimono....

Japan Today Japan News - News - Court halts Japanese billionaire's U.S. evictions - Japan's Leading International News Network
- posted by tempusmaster @ 5:34 PM