(Bloomberg) -- Yubari, a former coal-mining town in
northern Japan, once attracted movie director Quentin Tarantino
to its annual film festival. Now it's more famous for going bust.
The community of 13,000 people accumulated debts of 63
billion yen ($523 million) partly to build hotels, a ski slope
and a coal-mining theme park after the last pit closed in 1990.
In March, the central government rescheduled Yubari's debts after
the city agreed to slash spending and sell assets.
Read more at Bloomberg Bonds News
northern Japan, once attracted movie director Quentin Tarantino
to its annual film festival. Now it's more famous for going bust.
The community of 13,000 people accumulated debts of 63
billion yen ($523 million) partly to build hotels, a ski slope
and a coal-mining theme park after the last pit closed in 1990.
In March, the central government rescheduled Yubari's debts after
the city agreed to slash spending and sell assets.
Read more at Bloomberg Bonds News
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