Reference News Network, July 28 report - According to a July 9 report by the "Nikkei Business Daily", the latest data released by Tokyo Shoko Research shows that the number of Japanese companies that went bankrupt with debts exceeding 10 million yen (about 68,000 USD) from January to June 2025 reached 4,990, an increase of 1% compared to the same period last year.
Amid the active wage increases by large enterprises, the issues of talent loss and rising labor costs have severely hit Japanese small and medium-sized enterprises. The number of companies that went bankrupt due to a shortage of personnel has reached a record high. The total number of corporate bankruptcies in Japan during the first half of this year has risen to the highest level in 11 years.
The number of corporate bankruptcies in Japan during the first half of this year has exceeded 4,000 for three consecutive years. The proportion of small bankruptcies with debts below 100 million yen reached 77%, the highest level in 30 years. Due to the large number of small-scale bankruptcy cases, the total amount of corporate debt was 690.2 billion yen, a decrease of 4% compared to the previous year.
In all bankrupt companies, 90% had fewer than 10 employees. The number of micro-enterprises with fewer than 5 employees that went bankrupt reached 3,813, accounting for as high as 76%.
The number of companies that went bankrupt due to labor shortages reached 172, a record high. (Translated by Ma Xiaoyun)
Original article: https://www.toutiao.com/article/7532047370813588007/
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