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More on the loss making whaling industry in Japan

Author - CEO

A few days ago (12th February) I noted that the Asahi Shimbun had reported that the Japanese whaling industry has been operating at a considerable loss. Well, I've managed to track down the orginal article and its very revealling.

The article states that the Institute of Cetacean Research, the Japanese Government quango of the Ministry of Agriculture, Forestry and Fisheries, is 'struggling to pay back its interest-free loans to the government'.  In 2006 the ICR failed to pay back 1 billion yen, and the Government were forced to extnd its loan period through 2007 to 2010.

In its accounts for 2006 the ICR reports a loss of 700 million yen.

The Ashai Shimbun reports that incresed crticism within Japan is now being seen as people begin to further question the Japanese Government's insistance on maintaining an unprofitable industry with tax payers money    

This entry was posted by Chris Butler-Stroud on Tuesday, February 26. 2008 at 15:29. and is filed under Author - CEO. You can leave a response, or trackback from your own blog. All new comments are subject to moderation before being displayed.
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