The Fukuoka branch of Tokyo Shoko Research reports that February corporate bankruptcies in Kyushu and Okinawa Prefecture exceeding 10 million yen in liabilities were down 23.5% from the year-before period to 65. This is the 13th straight monthly year-on-year decline, and the lowest number of monthly bankruptcies since the total of 47 in 1973. The decline was attributed to the government’s policy of allowing small businesses to postpone bank loan payments.
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- Regional Bankruptcies at Lowest Level in 37 Years
Regional Bankruptcies at Lowest Level in 37 Years
- Published: Mar 11, 2010 / Last Updated: Mar 11, 2010
