The number of corporate bankruptcies in Japan rose 28.3% from a year earlier to 783 in April as smaller firms struggled to pass on higher costs stemming from rising prices to customers, credit research firm Tokyo Shoko Research has said.
It was the first time in four years for the number of bankruptcies to exceed 700 in April. The data, released Friday, covered failures involving liabilities of ¥10 million or more.
Total liabilities left by failed companies dropped 44.3% to ¥113,423 million after a large-scale bankruptcy a year earlier.
The number of bankruptcies linked to rising prices climbed 16% to 58, marking four consecutive months of increase, led by construction firms and manufacturers,…
