The Fukuoka branch of Tokyo Shokoh Research reported that the number of bankruptcies in the Kyushu-Okinawa region with liabilities of at least 10 million yen plunged to 857, a 23.1% year-on-year decline. This is the lowest total since the 850 bankruptcies recorded in 1973, 37 years ago, and the first time since then the total has fallen below 1,000. This is attributed to government plans to allow small and medium-sized business owners to temporarily halt loan payments.
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- Regional Bankruptcies Hit 37-Year Low
Regional Bankruptcies Hit 37-Year Low
- Published: Jan 20, 2011 / Last Updated: Jan 20, 2011
