The number of bankruptcy filings in Japan this year is likely to exceed 10,000, reaching the highest level since 2013, according to data from the private sector provided by the Tokyo Shoko Research (TSR) agency ahead of next week’s closely monitored central bank meeting.
In November, 841 Japanese companies went bankrupt, bringing the total from January to November to 9,164, already surpassing last year’s total, Reuters reported, citing Japanese sources.
Data from the credit research agency suggest that the number of bankruptcies in 2024 is set to exceed the 11-year-old record when 10,855 companies went bankrupt.