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The "Financial Infrastructure" that Supported the Nightlife District Collapsed: The Deeper Story Behind the 115.1 Billion Yen Debt of "Zen-Toshin"
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1 Articles
The shock of the bankruptcy of credit card payment processing company Zentoshin (Chuo-ku, Osaka) continues. At least 20,000 affiliated merchants are unable to collect sales revenue since the 1st of this month, with unpaid amounts expected to exceed 5 billion yen. Concerns about a chain reaction of bankruptcies are also growing.
·Japan
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