Japanese companies face highest bankruptcy count in over a decade
Japanese business failures near 10‚000 mark as year-end approaches‚ showing biggest spike since 2013. Bank of Japan plans crucial policy meeting to assess economic health
Japanese firms bankruptcy count keeps climbing up - reaching 9‚164 cases by nov-2024 (which already tops last years total numbers). During november alone 841 companies went bust‚ making this yearʼs total expected to pass 10k mark for first time in about 11 years
The data from Tokyo Shoko Research shows a clear trend: business failures are hitting levels not seen since 2013 when 10‚855 firms shut down. This surge in bankruptcies comes at a time when Bank of Japan officials prepare for their dec 18-19 meeting; where theyʼll look at economic data to decide on rates
The central bankʼs upcoming policy review is getting extra attention from market-watchers - who cant decide if rate changes will happen in december or january. The bank needs to check if current economic indicators match their forecasts (which will help them make their final choice)
- Monthly bankruptcy count: 841
- Year-to-date total: 9‚164
- Last similar peak: 10‚855
- Expected year-end: over 10‚000
These numbers from the credit-research group point to big changes in japans business world - its the kind of data that makes policy-makers think twice about their next steps
