Japan's minister for economy, trade and industry, Hiroshige Seko, said on Friday a rescue plan for embattled conglomerate Toshiba Corp <6502.T> was not under consideration at his ministry. 6502.T>
Seko told reporters after a cabinet meeting that he would closely monitor the steps taken by Toshiba's management.
Continue Reading Below
Toshiba is under pressure to come up with cash as it faces a bigger-than-expected writedown for its U.S. nuclear business that local media have said could come in at $6 billion.
(Reporting by Ami Miyazaki; Editing by Himani Sarkar)