November saw a 13% year-on-year increase in bankruptcy cases in Kyushu and Okinawa, reaching 77 incidents with liabilities over ¥158 billion—double the previous year. Most cases stemmed from the service sector, including restaurants and medical services, with smaller-scale bankruptcies (<¥10 million) comprising 69%. Analysts link the trend to post-COVID financial challenges and the end of subsidies. Source: Tokyo Shoko Research
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