Surge in corporate bankruptcies hits Japan in May
Japan experienced a significant increase in corporate bankruptcies in May 2024, with a 42.9% rise from the previous year, totalling 1,009 cases.
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Corporate bankruptcies surge in Japan in 2023, exceeding 8,000
The key findings from the research reveal that business failures with debts of at least 10 million yen rose sharply, experiencing a 35.2% increase from the previous year, totalling 8,690 cases. This marks the second consecutive yearly rise, signalling economic stress among Japanese corporations.