• Kyodo


The number of bankruptcies in Japan's dining industry totaled 715 the last fiscal year, the third largest in 20 years, amid the new coronavirus pandemic, a credit research firm said.

The dour result for the year ending March 31 reflects 183 failures in the bar and beer hall sector, the highest since fiscal 2000 when comparative data became available, Teikoku Databank said in a recent survey report on firms that went bankrupt with debts of ¥10 million ($91,000) or more.

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.