Analysts attribute the trend to the after-effects of the pandemic The number of corporate bankruptcies in Japan soared to a five-year high in the first six months of 2023, Nikkei news outlet reported this week, citing a survey by credit research company Tokyo Shoko Research. According to the report, a total of 4,042 companies filed for bankruptcy in the country in the reporting period, roughly 32% more than during the same time last year. The rise in numbers that involved debts exceeding 10 million yen ($70,000) was attributed to the fact that many businesses have started repaying loans they took out to make up fo
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