According to data released by the Tokyo Commerce and Industry Research Company, a total of 857 companies with debts exceeding 10 million yuan went bankrupt in Japan last month, a decrease of 15% year-on-year, but hit a record high for this year. Bankruptcies mainly focus on small and micro enterprises with a weak financial base. Among these, total debt decreased by 34% year-on-year to 90.3 billion yen. There are 665 small-scale bankrupt companies with debts of less than 100 million yen, accounting for nearly 80%. According to reports, the number of bankrupt companies across Japan has remained above 700 per month since this year.

According to data released by the Tokyo Commerce and Industry Research Company, a total of 857 companies with debts exceeding 10 million yuan went bankrupt in Japan last month, a decrease of 15% year-on-year, but hit a record high for this year. Bankruptcies mainly focus on small and micro enterprises with a weak financial base. Among these, total debt decreased by 34% year-on-year to 90.3 billion yen. There are 665 small-scale bankrupt companies with debts of less than 100 million yen, accounting for nearly 80%. According to reports, the number of bankrupt companies across Japan has remained above 700 per month since this year.