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| | Global Finance: Why Japanese companies are different |
 | | And although Japanese shipbuilding is in resurgence, with shipyards busy constructing the advanced, new, doublehull oil tankers and a backlog of orders to fill, Korean shipbuilders will quickly gain the upper hand with their devalued currency. |
 | | The situation is uniformly dismal, however, for banks, property companies, and large construction companies, none of which have yet restructured, and for small and medium-size companies across the board, which are dependent on banks for financing. |
 | | Significantly, many of these companies' shares were targets of selling not because of the companies' performance but because the sellers judged that the companies would not be supported by their main banks. |
| www.findarticles.com /p/articles/mi_qa3715/is_199712/ai_n8769405 (1031 words) |
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