Japan’s Bankruptcies Jump 148% From May as Courts Reopen
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After an odd event last month where Japan’s bankruptcies fell the most since the 1960s, the impact of the pandemic is now evident with a growing number of businesses failing.
Some 780 Japanese firms filed for bankruptcy last month, 148% more than the prior month and the most this year, according to Tokyo Shoko Research Ltd. In May, the numbers were low because the courts weren’t operating at full capacity due to a national state of emergency.