Japan’s Sharp Cutting It Close
Sharp Corp. has had a sword dangling over its head for years. The once-iconic Japanese electronics company may survive yet another brush with death, but it still has no convincing turnaround plan.
In a normal market economy, Sharp would probably have gone under by now. But this is Japan, where corporate bankruptcies are exceedingly rare.
The company was bailed out by its lenders in 2012. The following year, it raised equity...