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Japan Biz Failures Top 10,000 in 2024, Worst in 11 Years

Japan Biz Failures Top 10,000 in 2024, Worst in 11 Years

   Tokyo, Jan. 14 (Jiji Press)--The number of corporate bankruptcies with liabilities of 10 million yen or more in Japan last year rose 15.1 pct from the previous year to 10,006, surpassing 10,000 for the first time in 11 years, Tokyo Shoko Research Ltd. said Tuesday.
   The annual figure marked the third consecutive year of increases as rising prices due to the yen's weakening and labor shortages caused business failures in a wide range of industries.

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AFP-JIJI PRESS NEWS JOURNAL


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