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April 25, 2024
 

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BANKRUPTCIES

Japan Times
BUSINESS / Economy
Jul 8, 2020
Japan's June business failures hit monthly high for the year
The number of bankruptcies caused by the fallout of the COVID-19 epidemic came to 94 in June, the highest monthly count ever.
Japan Times
BUSINESS
Jan 11, 2019
Hit by tougher standards and falling prices, Japan's cryptocurrency players face a pivotal 2019
Japanese crypto-exchange operators unexpectedly faced major problems last year due to the unprecedented hack in late January of Tokyo-based Coincheck Inc., which lost digital tokens estimated at the time to be worth ¥58 billion and caused commotion across the industry.
Japan Times
BUSINESS / Companies
Dec 10, 2018
Japan corporate bankruptcies up 6.1% in November
The number of corporate bankruptcies nationwide in November rose 6.1 percent from a year earlier to 718, up for the first time in three months, Tokyo Shoko Research Ltd. said.
BUSINESS
May 11, 2018
Business failures hit 28-year low in April
The number of corporate bankruptcies in April hit a 28-year low for the month, a private credit research firm said Thursday.
Japan Times
BUSINESS
Aug 31, 2017
FSA to probe card loan biz as personal bankruptcies climb
The nation's financial services regulator is expected to open a special investigation into the banking industry's card loan business this month in response to criticism that increased lending is contributing to a rise in personal bankruptcies, sources said.
Japan Times
BUSINESS / Companies / FOCUS
Jun 26, 2017
Takata's future costs still unclear even after bankruptcy
While Takata Corp.'s bankruptcy filing appears to have it on course to someday regain financial stability, questions remain about the turnaround as the company still faces potential additional costs from recalls and litigation.
JAPAN / Crime & Legal
Apr 23, 2017
Clients of bankrupt travel agency Tellmeclub band together
Customers of bankrupt Tokyo-based discount tour company Tellmeclub form a group to seek compensation and call for an investigation into problems that led to its sudden demise.
Japan Times
BUSINESS / Companies
Apr 5, 2017
In Japan, zero public companies went bust in 2016, but critics say 'zombie' firms hurt the economy
Corporate Japan achieved a rare feat in the fiscal year that ended last week. None of its almost 4,000 publicly-traded firms filed for bankruptcy protection.
BUSINESS / Companies
Mar 30, 2017
Bankrupt travel agency Tellmeclub admits to faking profits to stay afloat
A failed budget travel agency that offered overseas tours repeatedly misrepresented its finances since 2014, according to a petition to commence bankruptcy proceedings obtained by Kyodo News on Thursday.
Japan Times
BUSINESS / Economy
Mar 13, 2017
Economy seen hurting as thousands of Japan's 'zombie' firms legally dodge bankruptcy
The owner of a car repair business in northwest Tokyo has been digging into his retirement fund to keep his shop going. He's in his mid-60s, he's not making money and he knows he'll eventually have to close down.
BUSINESS
Jan 11, 2017
Nursing care business failures hit record high in 2016
Bankruptcies in the nation's nursing care industry in 2016 hit a record high for the second consecutive year amid a cut in government-set service payments and increasing competition.
BUSINESS / Economy
Aug 8, 2016
July bankruptcies fall to 26-year low, down 9.5% on year
The number of corporate bankruptcies fell last month to the lowest level for a July in 26 years and down 9.5 percent from a year earlier to 712, according to a credit research agency.
BUSINESS
Feb 25, 2016
March 2011 disasters caused 1,698 bankruptcies: think tank
A credit research agency said Thursday 1,698 corporate bankruptcies were triggered by the calamity in March 2011 that devastated northeastern Japan.
BUSINESS
Apr 8, 2015
Business failures fell below 10,000 in fiscal 2014, first time in 24 years
The number of corporate bankruptcies fell 9.4 percent in fiscal 2014 to 9,543, dropping below 10,000 for the first time in 24 years, according to the Tokyo Shoko Research.
BUSINESS / Economy
Jan 13, 2015
Japan sees fewest corporate bankruptcies since bubble era, but smaller firms feeling the pinch
Corporate bankruptcies fell in 2014 to the lowest level since the final year of the asset bubble, as a government request for banks to alter loan conditions for smaller firms helped companies stay afloat.
BUSINESS / Economy
Dec 5, 2014
Bankruptcies caused by weakening yen set new record in November
Corporate bankruptcies linked to the yen's slide hit a new record in November, highlighting the strains on small and midsize companies as Prime Minister Shinzo Abe campaigns for re-election on his deflation-busting economic strategy.
JAPAN / Crime & Legal
Jun 3, 2014
Ex-JAL cabin attendants lose court ruling over dismissal
The Tokyo High Court on Tuesday ruled against 71 former Japan Airlines Co. cabin attendants who were seeking reinstatement after being dismissed as part of the airline's corporate restructuring in the wake of its 2010 bankruptcy.
BUSINESS / Companies
Mar 12, 2014
Brokerage watchdog warns of bitcoin risks
The bitcoin digital currency can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to its significant risks, a brokerage industry watchdog warns.
BUSINESS / Economy
Mar 10, 2014
Corporate bankruptcies hit 23-year low in February
Corporate bankruptcies in February fell 14.6 percent from a year earlier to 916, the lowest for the month in 23 years, a credit research agency said Monday.
BUSINESS / Economy
Jul 8, 2013
First-half bankruptcies recede to 22-year low
Corporate bankruptcies logged a 10.9 percent drop in the first six months of the year to 5,620, the lowest first-half level seen in 22 years, a credit research agency said Monday.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Tokyo issues strong warning on yen intervention as currency dips further
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.

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