Industrial Revitalization Corporation

Industrial Revitalization Corporation

An agency in Japan that buys loans from distressed small and medium-sized banks and manages their liquidation or restructuring. The IRC may work with a large bank in carrying out its operations. It was established in 2003 as part of a program to fight deflation in Japan.
References in periodicals archive ?
The state-backed Industrial Revitalization Corporation of Japan, to which Daiei eventually turned for assistance, suspects Daiei is charging its real estate subsidy exorbitant rent to pad its earnings.
IRCJ Sets Off Moves by Banks & Buyout Firms that Accelerate Restructuring Process Japan's new Industrial Revitalization Corporation (IRCJ) is moving to revitalize struggling companies that can reorganize themselves in three years.
Mitsui Mining fell 4 yen to 96 yen despite an announcement Monday that the state-backed Industrial Revitalization Corporation of Japan will bail out the firm under its restructuring program.
Japan's Industrial Revitalization Corporation of Japan (IRCJ)
The Industrial Revitalization Corporation, a joint-stock company soon to be launched by the government, will face many difficulties.
Creating the Industrial Revitalization Corporation is pointless if it serves to prolong the lives of ailing companies that will eventually fail.
The Japan External Trade Organization New York (JETRO NY) released a newsletter today highlighting Japan's new Industrial Revitalization Corporation (IRC).
Full browser ?