Japan is facing a surge in bankruptcies, reaching levels not seen since 2013. In the first half of 2024, 4,990 firms declared bankruptcy, reflecting an 18.6% increase from the previous year. Rising costs have been a significant factor driving this trend, highlighting the challenges businesses are facing in the current economic climate.
Japan is currently seeing the highest number of bankruptcies in a decade.
Nothing to see here.
— Gold Telegraph ⚡ (@GoldTelegraph_) October 9, 2024
Sources:
https://asianbusinessreview.com/economy/news/japan-posts-highest-number-bankruptcies-in-decade
https://www.businesstimes.com.sg/international/japan-sees-most-bankruptcies-decade-amid-rising-costs
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