TOKYO (Reuters) - The Japanese government is not considering steps to support embattled conglomerate Toshiba Corp, 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.
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.
Reporting by Kaori Kaneko; Editing by Edwina Gibbs
Our Standards: The Thomson Reuters Trust Principles.