The number of corporate bankruptcies in Japan fell 15.4 percent in August from a year earlier to 1,321, Teikoku Databank Ltd. said Friday.

This marks the eighth consecutive monthly decline, according to Teikoku Databank.

The figure, the lowest of the year on a monthly basis, is below 1,400 for the third straight month, with the latest data showing another clear sign of a downtrend in corporate failures, the credit research firm said.