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Japan Display hears clock tick as would-be rescuer gets cold feet

China's Harvest Group frets, pushing display maker to seek alternatives

Japan Display was created from the panel operations of Hitachi, Toshiba and Sony in a government-led attempt to revive the country's display industry.   © Reuters

TOKYO -- Japan Display, once heralded as the savior of Japan's display industry, finds itself on increasingly rocky ground as the Taiwanese-Chinese consortium that agreed to bail out the company drags its feet.

Between falling earnings and the need for additional investments before the launch of new iPhones, the Apple supplier is being forced to explore alternatives in case the rescue plan falls through.

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