Circumstances emerge of struggling businessman's attempted family murder-suicide | HDR Japan | Japan News

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Circumstances emerge of struggling businessman's attempted family murder-suicide

Sunday, 30 March 2008

A Tokyo man who fatally stabbed three family members and injured two others before attempting his own suicide was hugely in debt and depressed over his company's future, police said.

Masao Enari, 42, president of a bookbinding business in Tokyo's Bunkyo-ku, is suspected of stabbing his wife and his parents to death and injuring his two sons early on Friday morning.

Police have now learned that Enari borrowed a total of about 45 million yen from the Bunkyo Ward Office on eight separate occasions between fiscal 1994 and fiscal 2007, under the ward's loan facilitation system to support struggling small- and medium-sized businesses.

Investigators suspect that Enari was also depressed about the company's prospects, as his major business clients were about to move or close down.

According to a Bunkyo-ku official, the ward extends cheap loans to businesses whose sales or profits dropped over 10 percent over the past three months or one year compared to the corresponding period the previous year. Out of the 2.4-percent interest rate on these loans, the ward covers up to 2.1 percent and the rest is paid the borrower.

Enari's company was steadily repaying the loan, but he was reportedly worried about losing two major clients, representing about half of his company's sales, due to plans to move or close down.

Enari had reportedly even considered relocating his company to Saitama Prefecture next month, where one of his major clients was going to move its own factory.

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