• SHARE

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.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW