Japan: Komazawa U. racks up ¥15.5 billion in derivatives losses

by E Wayne Ross on November 25, 2008

Japan Times: Komazawa U. racks up ¥15.5 billion in derivatives losses

Komazawa University, a major private university, has incurred losses of roughly ¥15.5 billion in the trading of financial derivative products, impacted by the global financial crisis, officials at the university said Wednesday.