The number of corporate bankruptcies in the fiscal year through March fell 8.75 percent from the preceding year to 14,732, the first decline in four years, a credit research firm said Thursday.
Liabilities accompanying the corporate failures decreased 49.09 percent to ¥7.14 trillion, marking the first fall in three years, Tokyo Shoko Research said.
The number of failures dropped apparently because credit became more readily available for companies due to government stimulus measures and a new law to help smaller firms that came into force last year, it said.