The Japanese government is not considering steps to support embattled conglomerate Toshiba Corp, Chief Cabinet Secretary Yoshihide Suga said on Friday.
TOKYO The Japanese government is not considering steps to support embattled conglomerate Toshiba Corp, Chief Cabinet Secretary Yoshihide Suga said on Friday.
Toshiba this week missed submitting audited third-quarter earnings for a second time and said it would consider selling a majority stake in the Westinghouse nuclear unit at the center of its financial troubles.
Sources have told Reuters that a fund backed by the government may invest as a minority stakeholder in Toshiba’s memory chip business, which the company is looking to sell to raise cash.
(Reporting by Kaori Kaneko- Editing by Edwina Gibbs)
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