Bankruptcies due to the effects of the new coronavirus sharply increased in Japan in April, with the number reaching nearly 90, especially affecting small- and medium-sized firms in the tourism and accommodation sectors, a recent survey showed.
As of Friday, the number of bankruptcies linked to the spread of the virus totaled 114, compared with 25 at the end of March, according to the survey conducted by Tokyo Shoko Research.
After Prime Minister Shinzo Abe declared a state of emergency in April, the Japanese economy has been affected by stay-at-home and business closure requests.