Reported 9 days ago
Japan experienced a significant surge in bankruptcy filings, totaling 10,144 in fiscal year 2024, marking the highest number in 11 years, according to Tokyo Shoko Research. This 12% increase compared to the previous year was driven by uncertainties surrounding the Bank of Japan's interest rate adjustments, with most industries seeing a rise in bankruptcies, except for finance and transportation. Notably, the overall debt in these bankruptcies decreased, highlighting a trend of smaller firms facing insolvency.
Source: YAHOO