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:
Related suggestion:
Iranian FM, EU foreign policy chief discuss Iran's retaliatory attack against IsraelGrimes screams on stage after having 'major technical difficulties' during chaotic set at CoachellaAt least 37 mothers killed daily in Gaza: medicsChina urges Philippines to stop provocations in South China SeaChina to further boost employmentNetEase Inc renews game partnership with BlizzardPalestinian death toll in Gaza exceeds 33,000China unveils regulations on implementation of consumer rights protection lawChina ramps up efforts to attract foreign investment across diverse industriesDeath toll in airstrikes on E. Syria rises to 15
2.6089s , 6573.46875 kb
Copyright © 2024 Powered by Bankruptcies in Japan rise for 19th month ,World Wonders news portal