Retail in Asia

In Markets

Japan’s corporate failures off 5pc in Jul to 1,026 firms

The number of corporate bankruptcies in Japan last month declined 5.0 percent from a year earlier to 1,026, a credit research agency said Wednesday.

But liabilities left by the business failures more than tripled to JPY724.1 billion (USD9.21b) – the highest monthly figure so far this year due largely to the sizable debts left behind by Sanko Steamship Co. and consumer credit firm Clavis Co., according to Tokyo Shoko Research.

(Source: The Japan Times Online)