More than 3,000 companies went bankrupt over April-September as businesses failed to pay off Covid-related debts The number of corporate bankruptcies in Japan saw a year-on-year increase of 6.9% to 3,141 over April-September, the first increase in three years, Kyodo News reported on Sunday, citing a survey by Tokyo Shoko Research. The surge stems from the challenges Japanese businesses encountered in repaying the government financial aid they had received in response to the pandemic, the credit research company said. The analysts added that cases of insolvency have been on a steady rise since August due to high r
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