Japanese Transport Minister Seiji Maehara rejected widespread reports that the government has decided to provide ¥700 billion ($7.74 billion) in credit guarantees to Japan Airlines. "We haven't decided how to fund state guarantees for JAL yet, let alone the size of such potential guarantees," he told reporters yesterday. JAL, which is attempting to enter into a government-backed restructuring, reportedly will be given a loan guarantee as part of an "extra budget" for the Japanese ...

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