• Kyodo

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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.

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