Japan'S Top 11 Bankruptcies Rose Year On Year

According to a survey published on 8 October by the Tokyo business and Research Institute of Japan, a total of 1277 companies with debts above 10 million yen were bankrupt in November. The total number of bankruptcies in the first 11 months of this year has reached 14284, which has exceeded the level of last year.

According to the survey, the number of bankrupt enterprises increased by 5.27% in November compared with the same period last year for 6 consecutive months, and the total liabilities of bankrupt enterprises amounted to 576 billion yen, an increase of 16.94% over the same period last year.

Of the companies that went bankrupt in the first 11 months of this year, 30 were listed companies, the most bankrupt Japanese Listed Companies after the war.

From the perspective of the industry, the number of bankrupt enterprises in pportation industry is 2.4 times higher than that in the same period last year. The financial and insurance industry increased by 50% compared with the same period last year, and the information and communication industry increased by 37.5%.

In the 9 regions of the country, apart from the northeast and North China, the bankrupt enterprises in other parts of the country have increased.

The Tokyo commercial and Trade Investigation Institute points out that due to the inability to guarantee adequate capital supply, enterprises have been bankrupt one after another, which has caused many bankruptcy cases due to capital turnover.

According to the survey, the government has issued an emergency guarantee system to support small and medium enterprises, and will pay close attention to the effect of this policy in the future.

According to the data released by another business reputation investigation agency, Empire data 8, the total liabilities of bankrupt enterprises in November were 541 billion 100 million yen, and the number of bankrupt enterprises was 1010.

Yang Jing: editor in charge