Bankruptcies From Japan Corporate Scandals Rise to Record: Chart

Japanese companies embroiled in accounting fraud and other forms of wrongdoing filed for a record 289 bankruptcies in the fiscal year ended March 31, according to a Teikoku Databank Ltd. report on April 8. More bankruptcies can be expected as companies cast a sharper eye over their business partners and cut ties with non-compliant ones, the data provider said.

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