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Radiation Bankrupts Japan Cattle Ranch With $5.6 Billion in Debt

Agura Bokujo, operator of a cattle ranch north of Tokyo, became Japan’s biggest corporate failure this year after consumer fears over beef contaminated with radiation damaged sales, Tokyo Shoko Research said.

The closely held company in Tochigi prefecture had 433.1 billion yen ($5.6 billion) in liabilities, Tokyo Shoko said on its website today, citing Agura’s application for bankruptcy protection on Aug. 9.