Bankruptcies in Japan rise for 19th month
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 articles
- NEW YORK (AP) — Bette Nash, who was once named the world’s longest-serving flight attendant, has die2024-05-29
Feature: Philadelphia Orchestra celebrates half
(Xinhua) 09:13, November 21, 2023NANJING, Nov. 20 (Xinhua) -- From the ode to friendship "Auld Lang2024-05-29Incense industry thrives in Yongchun county, SE China's Fujian
(People's Daily Online) 09:19, January 16, 2024While carrying forward the traditional incense-making2024-05-29Giants' Snell allows 7 runs over 4 innings against Rays in return to Tropicana Field
ST. PETERSBURG, Fl.a (AP) — Blake Snell had a rough return to Tropicana Field with the San Francisco2024-05-29Venezuela revokes invitation for EU mission to observe presidential election in July
CARACAS, Venezuela (AP) — Venezuela’s election authorities on Tuesday revoked an invitation to a Eur2024-05-29- (People's Daily Online) 14:45, January 04, 2024In 2023, China embraced a high level of openness, emp2024-05-29
atest comment