The number of corporate bankruptcies in Japan surged in 2023, topping 8,000 for the first time in four years, as a rise in the price of materials and wage increases hurt corporate earnings, a credit research agency said Monday. Business failures with debts of at least 10 million yen jumped…
Corporate bankruptcies in Japan last year reached over 8,000 for the first time in four years, driven by high inflation and labor shortages, with the possibility of exceeding 10,000 this year as industry faces the 2024 Problem .
With the COVID pandemic in retreat, one would think there were all the more reasons to celebrate the return to normalcy. Unfortunately, reports Nikkan Gendai (Nov 6), the prognosis for year-end and new year parties (bonenkai and shinnenkai) appears gloomy, which means more woes for the already ailing food and…