Corporate bankruptcies in Japan reached the highest level in the last 10 years

The number of companies that went bankrupt last month was 870; It was 734 in the previous month and 800 in the same month last year.

Companies that went bankrupt declared "recession" as the main reason. The number of companies that went bankrupt due to the recession was stated as 699.

Bad debts of companies decreased by 8.0% to 132.1 billion yen. In the same month last year, this amount was 143.5 billion yen.