The number of corporate bankruptcies in Japan in December rose by 24%
January 13, 2009 – 9:21 pmNumber of corporate bankruptcies in Japan in December 2008 increased by 24% in annual terms – up to 1362 cases reported research company Tokyo Shoko Research. In monthly terms, the number of corporate bankruptcies rose by 6,7%.
For the year 2008 the total number of corporate bankruptcies increased by 11.0% to 15,646 cases.
total debt burden of bankrupt companies took off in December, year on year to 43.4% to 632.7 billion yen ($7 billion).
Last year the total debt burden rose by 114.6% to 12.29 trillion. yen, which is the maximum value for six years.
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