BY SAYURI DAIMONStaff writer
A nearly bankrupt semi-governmental firm sitting on a large plot of land nearly equal in size to the area inside Tokyo's Yamanote Line has come up with a plan to put itself back on its feet.
Mutsu Ogawara Development Inc., a firm jointly established by the government and the private sector to develop a 5,280-hectare area in Aomori Prefecture, has decided to cut its workforce and ask banks to postpone interest payments worth 8 billion yen annually until next year, sources close to the company said.
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