Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Bankruptcies in Japan rise for 19th month !

Bankruptcies in Japan rise for 19th month

Time:2024-04-30 23:05:27 source:Earthly Elements news portal
(Xinhua) 13:13, December 18, 2023

TOKYO, Dec. 17 (Xinhua) -- Corporate bankruptcies in Japan rose in November for the 19th consecutive month, according to a recent survey by a credit research company.

A total of 773 Japanese companies began legal liquidation proceedings in November, marking the second consecutive month of year-on-year growth of at least 30 percent, Japan's Teikoku Databank said in its latest online report.

The total number of bankruptcies from January to November came to 7,691, it said.

By industry, the number of bankruptcies increased year-on-year in six of seven industries. The service industry had the largest number with 196, followed by retail with 170 and construction with 141, the data showed.

The bankruptcies came as interest-free loans taken out for pandemic relief started to come due for many firms and the deferment period for the social welfare premium has also ended.

Related information
  • Recently reinstated receiver Quintez Cephus signs a one
  • Rennes routs Nantes 3
  • The Mets have placed catcher Francisco Alvarez on the injured list after a baserunning mishap
  • What's in the $95 billion foreign
  • Mexico proudly controls its energy but could find it hard to reach its climate goals
  • The monkey gangs turning this Thai city into a real
  • Napoli coach apologizes to fans after lackluster loss at Empoli worsens title defense
  • Napoli coach apologizes to fans after lackluster loss at Empoli worsens title defense
Recommended content
  • Travis Kelce names Taylor Swift his 'significant other' at the Mahomes' charity gala in Las Vegas
  • Live video of man setting himself on fire outside court challenges news organizations
  • Trump picks up more national delegates as the only choice for Wyoming Republicans
  • Third temporary channel opens for vessels to Baltimore port after bridge collapse
  • 2 hikers drown after falling into creek on Tennessee trail
  • Man who set himself on fire outside Trump hush money trial dies