Nearly 8,000 companies went bankrupt between January and June with combined liabilities of 6.37 trillion yen, a record high for a half-year period, a private research company said July 14.

The amount was driven up by the failures of three nonbank financial institutions affiliated with Nippon Credit Bank, which has conducted radical restructuring after falling into financial uncertainty, according to Teikoku Databank. Another research company, Tokyo Shoko Research, revealed similar figures on the day, saying the combined liabilities for the same period reached 6.33 trillion yen.

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