The Japanese government is not considering steps to support embattled conglomerate Toshiba (TOSBF), Chief Cabinet Secretary Yoshihide Suga said on Friday.
Toshiba this week missed submitting audited third-quarter earnings for a second time and said it would consider selling a majority stake in the Westinghouse nuclear unit at the center of its financial troubles.
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Sources have told Reuters that a fund backed by the government may invest as a minority stakeholder in Toshiba‘s memory chip business, which the company is looking to sell to raise cash.
