The number of corporate bankruptcies in Japan increased by 35.2% in 2023 to 8,690, and total liabilities rose to ¥2.4 trillion.
According to a report issued by Tokyo Shōkō Research, the number of corporate bankruptcies in Japan involving a total liability of ¥10 million or more increased year on year by 35.2% in 2023 to 8,690, marking the first time in four years for the total to exceed 8,000 companies. Total liabilities for the bankruptcies increased 3.1% to ¥2.40 trillion.
By industry, the largest number of bankruptcies was in the…
