(a) To what extent is this type of business 'finance' technique practised in this economy?

Equipment leasing is widely practiced in Japan.

(b) If default is made what are the rights of the owner of the property to recover the leased property?

Retained title.

(c) Does the exercise of these rights require court process?

No.

(d) How effective in actual practice is the process of recovery (list any relevant impediments, such as the right of access to the place where the equipment is situated; the right to physically take the equipment away from the place; and so forth)?

Very effective.

(e) What effect does the commencement of insolvency proceedings in respect of the corporate debtor have on the recovery of leased property?

The lease company will have to negotiate with the administrator on the recovery of leased property.

(f) Is it usual for an equipment lease to be supported by guarantees (sureties) for payment of lease charges; default penalties; and so forth?

No.