Amid overspending, Kyoto stares down threat of bankruptcy
Some might attribute the city’s financial woes to COVID-19’s impact on tourism, but the mayor puts the lion's share of the blame elsewhere.
The result reflected the Japanese government's financing support measures for companies damaged by the novel coronavirus crisis, according to a credit research firm.
Over 700 Japanese dining establishments failed in 2020 amid pandemic
The numbers of failed eateries dropped 36% and 56.3% in January and February respectively, followed by a 2.6% decline in March.
How Masayoshi Son’s ‘money guy’ Lex Greensill went from hero to zero
Greensill Capital was a key part of what Son dubbed his "Cluster of No. 1’s” strategy, taking noncontrolling stakes in the world’s leading tech companies and encouraging them to cooperate.
Japan's 2020 corporate bankruptcies fall to 31-year low with government aid
The drop reflects the impact of the government's measures, including interest-free loans without collateral that helped small and medium-sized companies.
Nagano Prefecture, home to many spa and ski resorts, saw the most hotel closures with 12, followed by Tokyo with 11.
Kitchen equipment piles up as pandemic shutters Japan's restaurants
With businesses closing, recycling shops are buying up equipment to repair, clean and resell.
Business failures may surge in Japan with emergency virus declaration
According to Tokyo Shoko Research Ltd., around 100 companies have gone bust each month since September.
Bankruptcies in Japan's restaurant industry to hit all-time high in 2020
According to a survey, bankruptcies of companies with debts of at least ¥10 million from January to November stood at 792, an increase of 8% compared with the same period last year.
