Japan’s latest chip deal is a move in the right direction

There’s good reason to believe that Japan Investment Corp’s purchase of chemicals-maker JSR Corp could be different. —Bloomberg

LONGTIME Japan watchers could be forgiven for getting a bad feeling upon learning that a government-backed fund is shelling out US$6bil (RM28bil) to take control of a domestic technology company.

History is littered with examples of past investments that amounted to bailouts for struggling firms in their twilight years.