Link: Triple whammy takes Japan bankruptcies to decade high

The number of bankruptcies in Japan is on the rise this year as companies are hit by a triple whammy of soaring costs, labor shortages and the end of pandemic-related financial support. In the first half of 2024, the number of companies going bankrupt rose 22% year-on-year to 4,887, the highest since 2014, according to Teikoku Databank. If the situation doesn’t improve, Japan could have 10,000 bankruptcies by the end of the year. Small businesses were heavily represented on the list in the first half. Overall, services led, with 1,228 businesses going under, followed by retail, at 1,029, and construction, at 917. #

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Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.