Friday, December 19, 2008

Slang: ゾンビ会社 "Zombie Business"


I learned a slang word today that is probably no longer in current use in Japan, but is relevant longer in current use in Japan, but is relevant to what the US is experiencing right now. According to an article I read on http://www.reason.com/, "Twenty years ago, Japan's economy was plagued by struggling markets, liquidity concerns, and frozen credit. In response, Japan tried bailing out its banks, investing in infrastructure, and propping up "zombie businesses," firms that would have failed without government intervention."

Perfectly conveys the idea!

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