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What you say is true....just like lifetime employment by major Japanese companies.The system is starting to break down.I don't know about Aeon's view on the losses. Maybe you do.The hole that is being dug just keeps getting deeper. Is Aeon willing to lend more at zero percent interest? Are they willing to forgive debt?
So much for Japan funding losses for forever.Now we will see the new balance sheet and if they can generate enough margin to make money.The stock is now going up, but let's see when the dust settles.