• Kyodo News


Corporate bankruptcies are down 14.7 percent in the first half compared with the same period a year ago, a credit research firm said Thursday.

Bankruptcies fell to 5,989, according to Teikoku Databank, which credited the rare drop to the ongoing economic recovery and the legal easing of loan repayment terms for small businesses.

The decline is the first since Teikoku Databank started tracking the data under its current criteria in April 2005.

The liabilities left by the failures fell 9.6 percent to ¥4.15 trillion, but rose from the ¥2.21 trillion logged in the second half of 2009, it said.

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.