Spreads On Japanese Electronics Names Blow Out

Credit default swaps on Japanese electronics manufacturers have dramatically widened, notably spreads on Toshiba moving to 517 basis points from 380 bps before the manufacturer announced a third quarter operating loss of JPY182.3 billion (USD2 billion) Friday.

  • 03 Feb 2009
--Daniel Flatt

Credit default swaps on Japanese electronics manufacturers have dramatically widened, notably spreads on Toshiba moving to 517 basis points from 380 bps before the manufacturer announced a third quarter operating loss of JPY182.3 billion (USD2 billion) Friday.

Akihito Murata, credit research analyst at Deutsche Bank in Tokyo, said ...

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