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Japan Corporate Bankruptcies Fall For Third Month 91 days ago
(RTTNews) - Japan's corporate bankruptcies fell 11.7% year-on-year to 1,261 cases in October, Tokyo Shoko Research reported on Tuesday. Corporate bankruptcies dropped for the third month. The size of debts involved dipped 71.1% annually to JPY 290.3 billion.
The construction sector had the highest number of bankruptcy cases, totaling 342 in October, followed by the other services sector with 259. The manufacturing sector registered a total of 187 bankruptcy cases.
On a monthly basis, the total number of corporate bankruptcies increased 9.1%, while debt levels decreased 5.9%.
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