July 22, 2005
Japanese University Files for Bankruptcy as Enrollment Drops
A Japanese university has filed for bankruptcy protection, citing a decline in its enrollment. The case, the first of its kind, could mark the start of a trend in Japan, where the birthrate -- and, along with it, the pool of college-age students -- has steadily shrunk for more than a decade.
Hagi International University, a private institution in Yamaguchi Prefecture, filed for protection from its creditors with the Tokyo District Court after it recruited only 42 students
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