According to the latest data recently released by the Tokyo Institute of Commerce and Industry, the number of bankrupt companies in Japan once again surpassed 5,000 in the half-year period from April to September this year after a lapse of 10 years. Sakata Yoshihiro, head of the intelligence department at the Tokyo Institute of Commerce and Industry, explained that compared with the same period last year, the number of business failures due to lack of manpower increased by 80.4% this year, which indicates that the impact of insufficient manpower is rapidly increasing. Furthermore, the depreciation of the yen has led to rising costs of raw materials and energy, etc., and many companies are unable to fully transfer this pressure to the sales side, making the situation difficult.

According to the latest data recently released by the Tokyo Institute of Commerce and Industry, the number of bankrupt companies in Japan once again surpassed 5,000 in the half-year period from April to September this year after a lapse of 10 years. Sakata Yoshihiro, head of the intelligence department at the Tokyo Institute of Commerce and Industry, explained that compared with the same period last year, the number of business failures due to lack of manpower increased by 80.4% this year, which indicates that the impact of insufficient manpower is rapidly increasing. Furthermore, the depreciation of the yen has led to rising costs of raw materials and energy, etc., and many companies are unable to fully transfer this pressure to the sales side, making the situation difficult.