JAPAN: Corporate bankruptcies jumped 77.7% to 892...
JAPAN: Corporate bankruptcies jumped 77.7% to 892 in May from the year before as business failures continued to accelerate under the weight of the Bank of Japan’s tight monetary grip, a private credit research agency reported. May was the second straight month in which bankruptcies topped the 800 mark, according to Teikoku Data Bank Ltd. The total was the highest since April, 1986, when 955 companies failed. The volume of debts left behind by failed businesses in May totaled 442.62 billion yen, up 137.7% from the year before and the 10th-largest figure on record.
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