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The number of corporate bankruptcies linked to the coronavirus has surpassed 300, leaving more than ¥200 billion in liabilities, according to Teikoku Databank Ltd.

Many companies were forced out of business, with the pace of recovery from the coronavirus fallout having been slow especially for small firms, even though the government completely lifted the state of emergency in early May.

According to the credit research firm, there were 308 failures tallied as of Wednesday evening. Among them were 49 restaurants and 45 hotels.

Excluding those not yet surveyed, the liabilities left by 298 companies stood at some ¥211 billion. The bankruptcies were recorded in 42 of the 47 prefectures, with Ehime seeing its first case the same day.

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