Local News

The Fukuoka branch of Tokyo Shoko Research released the results of their survey of 2009 bankruptcies in Kyushu and Okinawa Prefecture with liabilities of at least 10 million yen. A total of 1,115 companies shut their doors during the year, a decline of 24.8% from the previous year and the first decline in four years. It was also the first year since 1990 that bankruptcies were at what is considered a low level. This was attributed to emergency cash flow support for small businesses and accelerated orders for public works projects.