A research firm says at least 500 companies in Japan have gone bankrupt since February due to the impact of the coronavirus outbreak.
Teikoku Databank says a total of 500 companies legally declared bankruptcy or had suspended business and were preparing for legal liquidation as of Tuesday.
By industry, restaurants topped the list with 69 going under, followed by 53 hotels and inns, and 34 apparel retailers.
By prefecture, 123 companies failed in Tokyo, as did 54 in Osaka, and 25 in Hokkaido.
By month, more than 100 firms became insolvent in both June and July, and 84 firms were known to have gone under in August as of Tuesday.
The research firm says the government’s support packages for small and medium-sized companies appear to hav…
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