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Japan finance minister: No comment on reports Westinghouse to file Chapter 11
March 28, 2017 / 12:16 AM / 8 months ago

Japan finance minister: No comment on reports Westinghouse to file Chapter 11

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday he did not want to comment on media reports that Toshiba Corp’s (6502.T) U.S nuclear unit, Westinghouse, will file for Chapter 11 bankruptcy protection.

File photo: Japanese Finance Minister Taro Aso takes questions from reporters at the annual meetings of the IMF and World Bank Group in Washington October 7, 2016. REUTERS/James Lawler Duggan

Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday, a source with direct knowledge of the matter told Reuters, seeking a quick ringfencing of losses before the Japanese parent’s financial year ends.

Reporting by Stanley White; Editing by Chang-Ran Kim

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