According to Xinhua News Agency, a report released by Japan's Tokyo Commerce and Industry Research Company on the 10th shows that a total of 1,028 Japanese companies went bankrupt in July, surpassing 1,000 again after June. This is the first time in 14 years that more than 1,000 companies have gone bankrupt for two consecutive months in Japan. The company analyzed that the depreciation of the yen pushes up prices and labor shortages are the main reasons for the increase in bankrupt companies. According to the data, the number of bankrupt companies in Japan in July increased by 6.9% compared to the same period last year, the highest value in a single month since this year. The total debt of these companies was 236.3 billion yen, a 41.4% increase over the same period last year. Among them, the credit card settlement agency “Zentoshin” headquartered in Osaka has debts of 115.16 billion yen, which is probably the largest Japanese bankrupt company with the largest debt since this year. Looking at the causes of bankruptcy, 93 companies went bankrupt due to the depreciation of the yen and rising prices, the highest number in a single month since 2022. Another 63 companies went bankrupt due to labor shortages and rising labor costs. From an industry perspective, the number of bankrupt enterprises increased year-on-year in 7 of the 10 major industries, including construction, retail, and transportation. The Tokyo Commerce and Industry Research Corporation said that against the backdrop of continuing rising prices and labor costs in Japan, the interest burden continues to increase, and it is expected that the number of bankrupt companies may continue to increase. According to data released by the company in July, a total of 1,021 Japanese companies went bankrupt in June; in the first half of this year, there were 5,346 Japanese companies with debts of 10 million yen or more and went bankrupt, increasing year-on-year for 5 consecutive years, and once again surpassed 5,000 after 12 years.

According to Xinhua News Agency, a report released by Japan's Tokyo Commerce and Industry Research Company on the 10th shows that a total of 1,028 Japanese companies went bankrupt in July, surpassing 1,000 again after June. This is the first time in 14 years that more than 1,000 companies have gone bankrupt for two consecutive months in Japan. The company analyzed that the depreciation of the yen pushes up prices and labor shortages are the main reasons for the increase in bankrupt companies. According to the data, the number of bankrupt companies in Japan in July increased by 6.9% compared to the same period last year, the highest value in a single month since this year. The total debt of these companies was 236.3 billion yen, a 41.4% increase over the same period last year. Among them, the credit card settlement agency “Zentoshin” headquartered in Osaka has debts of 115.16 billion yen, which is probably the largest Japanese bankrupt company with the largest debt since this year. Looking at the causes of bankruptcy, 93 companies went bankrupt due to the depreciation of the yen and rising prices, the highest number in a single month since 2022. Another 63 companies went bankrupt due to labor shortages and rising labor costs. From an industry perspective, the number of bankrupt enterprises increased year-on-year in 7 of the 10 major industries, including construction, retail, and transportation. The Tokyo Commerce and Industry Research Corporation said that against the backdrop of continuing rising prices and labor costs in Japan, the interest burden continues to increase, and it is expected that the number of bankrupt companies may continue to increase. According to data released by the company in July, a total of 1,021 Japanese companies went bankrupt in June; in the first half of this year, there were 5,346 Japanese companies with debts of 10 million yen or more and went bankrupt, increasing year-on-year for 5 consecutive years, and once again surpassed 5,000 after 12 years.