Japan corporate bankruptcies hit 30-year low in 2020

japan corporate bankruptcies hit 30 year low in 2020

Sumary of Japan corporate bankruptcies hit 30-year low in 2020:

  • Corporate bankruptcies in Japan dropped to a 30-year low in fiscal 2020, which ended March 31, thanks to government relief measures for businesses hit by the coronavirus fallout, Tokyo Shoko Research Ltd..
  • The number of companies that failed with debts of ¥10 million or over fell 17.0% from the previous year to 7,163, falling short of 8,000 for the first time since fiscal 1990, the credit research firm said..
  • The number of business failures among restaurants and bars decreased 6.8% owing to government subsidies paid in exchange for shortening operating hours to contain the pandemic….

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