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Japan’s Stimulus Holds Bankruptcies to 30-Year Low in 2020

Japanese bankruptcies fell to the lowest level in 30 years in 2020, as government support helped prop up businesses amid the pandemic.

Bankruptcy cases fell 7.3% compared with the previous year to 7,773, the lowest since 1990, data from credit analysis firm Tokyo Shoko Research showed Wednesday. Some 792 of the companies that failed said the coronavirus was the main factor.