Japanese companies in crisis. Their debt in the first half of 2024 amounted to 721 billion yen

Luc Williams

The number of bankruptcies of Japanese companies is increasing

According to experts, the number Japanese companieswhose debt amounted to at least 10 million yen, or about PLN 250 thousand, reached the highest level in a decade in the first half of this year, recording an increase of 22 percent year-on-year. In the first six months of 2024, 4,931 companies announced bankruptcyThis increase has been recorded for three years in a row.

Market analysts reported that the number of companies that filed for bankruptcy due to lack of labormore than doubled to 145, which is the highest level in this period since the survey began in 2013.

Reasons for the bankruptcy of Japanese companies

Number of companies whose bankruptcy was associated with difficulties in repayment interest-free loans granted by the government during the Covid-19 pandemic, was 327. 374 companies declared bankruptcy due to inflationwhich means an increase of 23.4 percent.

Total obligations left by bankrupt companies in the period from January to June amounted to over 721 billion yen, or over PLN 18 billion. According to Tokyo Shoko Research, this means a decrease of 22.8 percent. The researchers attribute this to the relatively smaller number of bankruptcies of companies with high debt.

In June this year alone, the number of companies that declared bankruptcy increased by 6.49 percent compared to the previous year, to 820 cases. (PAP)

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