According to the Tokyo Shoko Research Company, the number of bankruptcies in Japanese companies in 2024 was 10,006, an increase of 15.1% compared to the previous year. The last time it exceeded 10,000 was in 2013. The number of bankrupt companies has increased for three consecutive years. Among them, 10,004 were small and medium-sized enterprises, with rising costs due to the yen's devaluation and a shortage of manpower heavily impacting business Operations. The expiration of the special measures allowing delayed payment of social insurance fees and taxes under the COVID-19 pandemic has become a burden for companies, leading to a surge in bankruptcy cases. The total debt decreased by 2.4%, amounting to 2.3435 trillion yen (approximately 109.1 billion yuan). From an Industry perspective, the dining and "services and other" sectors saw an increase of 13.2% to 3,329, the highest number, surpassing 3,000 for the first time since 1990. The construction industry, in addition to rising building material prices, faced a shortage of manpower due to strengthened restrictions on overtime, leading to a 13.6% increase in bankruptcy cases to 1,924. The wholesale sector saw an increase of 26.4% to 1,214. However, the financial, Insurance, and real estate sectors saw a decrease.
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日本2024年破产企业时隔11年再超1万家,日元贬值、人手短缺令企业承压
In Japan, the number of bankrupt companies in 2024 surpassed 10,000 for the first time in 11 years, due to the devaluation of the yen and a shortage of manpower putting pressure on businesses.
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