• Kyodo News

  • SHARE

A loan guarantee system for smaller firms devised by former Prime Minister Taro Aso helped reduce the number of corporate bankruptcies between April and September by 1.61 percent from a year earlier to 7,736, the first decrease in four years for a fiscal first-half, a credit research agency said Thursday.

Tokyo Shoko Research said the debts left by the failed firms in the first half of fiscal 2009 plunged 71.08 percent to ¥2.50 trillion, in a positive reaction to last year’s collapse of Lehman Brothers Japan Inc., the Japanese subsidiary of Lehman Brothers Holdings Inc., and three affiliates.

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