TOKYO, Dec. 17 (Xinhua) — Corporate bankruptcies in Japan rose in November for the nineteenth consecutive month, in response to a latest survey by a credit score analysis firm.
A complete of 773 Japanese firms started authorized liquidation proceedings in November, marking the second consecutive month of year-on-year development of not less than 30 p.c, Japan’s Teikoku Databank mentioned in its newest on-line report.
The whole variety of bankruptcies from January to November got here to 7,691, it mentioned.
By business, the variety of bankruptcies elevated year-on-year in six of seven industries. The service business had the biggest quantity with 196, adopted by retail with 170 and development with 141, the information confirmed.
The bankruptcies got here as interest-free loans taken out for pandemic aid began to come back due for a lot of companies and the deferment interval for the social welfare premium has additionally ended.