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Toyota Seeks Bailout From Japan

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Toyota Motor Corp., forecasting the first loss in 59 years, is seeking loans from the Japanese government as private investors demand up to 50 percent more in interest for the company's debt.

The company's financial unit may ask for 200 billion yen ($2 billion) in loans, public broadcaster NHK reported today, without saying where it got the information. Toyota Financial Services Corp. is in talks with state-owned Japan Bank for International Cooperation, said Toyota Financial spokesman Toshiaki Kawai without confirming the timing or amount.

Read the whole story at Bloomberg

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