Japan corporate bankruptcies for January-June lowest since 1990

Jul 8, 2016

Japan corporate bankruptcies for January-June lowest since 1990

The number of corporate bankruptcies in Japan and total liabilities left by failed firms hit their lowest level for a first-half year since 1990 during the nation’s bubble economy, Tokyo Shoko Research Ltd. said Friday. The number of failed firms dropped 6.5 percent from ...

Feb 25, 2016

March 2011 disasters caused 1,698 bankruptcies: think tank

A credit research agency said Thursday 1,698 corporate bankruptcies were triggered by the calamity in March 2011 that devastated northeastern Japan. Tokyo Shoko Research said that the business failures caused by the Great East Japan Earthquake were 5.4 times the 314 bankruptcies caused over ...

Mar 3, 2015

Over 1,700 business failures linked to March 2011 triple disaster

A total of 1,726 businesses went bankrupt due to reasons linked to the March 2011 earthquake and tsunami, and the subsequent nuclear disaster, according to Teikoku Databank Ltd. Liabilities left by the failed companies comes to ¥1.56 trillion, the private credit research company said ...

Dec 5, 2014

Bankruptcies caused by weakening yen set new record in November

Corporate bankruptcies linked to the yen’s slide hit a new record in November, highlighting the strains on small and midsize companies as Prime Minister Shinzo Abe campaigns for re-election on his deflation-busting economic strategy. Forty-two of the companies that failed in November cited the ...

Government panel to launch review of JAL bailout

Aug 20, 2014

Government panel to launch review of JAL bailout

A new government panel is due to begin a review of the financial support given to Japan Airlines, or JAL, as part of a bailout package under the previous administration. The review, which will start next month, is taking place in response to criticism ...

Jun 3, 2014

Ex-JAL cabin attendants lose court ruling over dismissal

The Tokyo High Court on Tuesday ruled against 71 former Japan Airlines Co. cabin attendants who were seeking reinstatement after being dismissed as part of the airline’s corporate restructuring in the wake of its 2010 bankruptcy. The court ruled “the personnel cuts were necessary ...

Mar 12, 2014

Brokerage watchdog warns of bitcoin risks

The bitcoin digital currency can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to its significant risks, a brokerage industry watchdog warns. In an investor alert titled “Bitcoin: More than a Bit ...

Mar 10, 2014

Corporate bankruptcies hit 23-year low in February

Corporate bankruptcies in February fell 14.6 percent from a year earlier to 916, the lowest for the month in 23 years, a credit research agency said Monday. The number has now posted year-on-year declines for 16th months straight as government monitoring of lending to ...

Jul 8, 2013

First-half bankruptcies recede to 22-year low

Corporate bankruptcies logged a 10.9 percent drop in the first six months of the year to 5,620, the lowest first-half level seen in 22 years, a credit research agency said Monday. Tokyo Shoko Research also said that liabilities left by failing businesses that had ...