Reported about 1 month ago
After decades of low interest rates, the Bank of Japan's recent hikes are leading an increasing number of zombie companies—firms unable to sustain debt payments—to the brink of bankruptcy. Over 5,000 bankruptcies were reported between April and September, with many of these companies relying on government support to survive. This shift may pave the way for healthier businesses, as Japan grapples with a labor shortage and an economy in need of revitalization.
Source: YAHOO