Economics
Asia Defies Dire Predictions of a Huge Spike in Bankruptcies
- Japan bankruptcies lowest since 1990; India has moratorium
- China corporate defaults fall after two straight record years
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A feared wave of corporate bankruptcies has yet to materialize in Asia, due to a lot of help from policy makers.
If anything, the number of companies going out of business has decreased from last year in countries such as Japan and Singapore. That suggests that official measures to prevent corporate failures, in tandem with global stimulus of some $12 trillion, may be bearing fruit.