Local News

First Decline in Regional Bankruptcies in 14 Months

The Fukuoka branch of credit rating company Tokyo Shoko Research released statistics for bankruptcies of companies exceeding 10 million yen in the Kyushu-Okinawa region in February. The statistics show that 85 companies shut their doors during the month, a 25.4% drop from the year-before period. This is the first year-on-year decline in regional bankruptcies in 14 months. It’s also the first time there have been fewer than 100 bankruptcies in 13 months. The aggregate value of the bankruptcies declined 7.5%.

Published: Mar 12, 2009 / Last Updated: Mar 12, 2009

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.