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January 21, 2025
 

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BANKRUPTCY

The number of corporate bankruptcies with liabilities of ¥10 million or more in Japan last year marked the third consecutive year of increases as rising prices due to the yen's weakening and labor shortages caused business failures in a wide range of industries.
BUSINESS / Economy
Jan 14, 2025
Japan business failures top 10,000 in 2024, worst in 11 years
The annual figure marked the third consecutive year of increases as rising prices due to the yen's weakening and labor shortages caused business failures.
David Nemecek
BUSINESS
Dec 25, 2024
The star dealmakers remaking the rules of corporate debt
The world of liability management is a small, aggressive and, thus far, male-dominated corner of corporate finance.
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
JAPAN / Society / FOCUS
Dec 22, 2024
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Personal debt is overwhelming an increasing number of Japanese as higher interest rates and the rising cost of living bite.
Aletheia Clinic had experienced rapid growth, peaking in the fiscal year ended April 2021 with annual revenue of ¥16.3 billion.
BUSINESS / Companies
Dec 11, 2024
Hair removal clinic chain goes bust in Japan's biggest beauty collapse
It's "extremely unlikely" that customers of Aletheia Clinic will see their money returned, according to its trustee.
The annual number of corporate bankruptices may top 10,000 for the first time in 11 years, Tokyo Shoko Research has said.
BUSINESS / Companies
Dec 9, 2024
Japan's corporate bankruptcies increased 4.2% in November
The number of business failures grew for the third consecutive month amid a weak yen and soaring labor costs.
Dining habits have changed since the end of the COVID-19 pandemic, with alcohol consumption experiencing a drop.
BUSINESS / Economy
Dec 9, 2024
Hundreds of izakaya going bust as prices rise and customers change
In the first 11 months of this year, 203 of these establishments went out of business, more than the entire year of 2020 when COVID-19 became a pandemic.
The number of bankruptcies in Japan is likely to exceed 10,000 for the first time since 2013.
BUSINESS / Companies
Dec 9, 2024
Japan's bankruptcies set to hit 11-year high in 2024, data shows
841 Japanese companies went bankrupt in November, bringing the January-November tally to 9,164, already exceeding last year's total.
Funai Electric Chairperson Yoshiaki Harada holds a news conference in Tokyo's Chuo Ward on Monday.
BUSINESS / Companies
Dec 3, 2024
Funai's chairman files for its court-led rehabilitation
The court decision came after one of the company's directors filed a "quasi-voluntary bankruptcy" petition in late October.
The Northvolt facility in Skelleftea, Sweden.
BUSINESS / Companies
Nov 23, 2024
Northvolt crisis may be make or break for Europe's EV battery ambitions
Europe's biggest hope for an electric vehicle battery champion filed for bankruptcy protection on Thursday after talks for funding failed.
A mockup of a Northvolt battery at a factory in Skelleftea, northern Sweden. Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a company struggling to stay afloat.
BUSINESS / Companies
Nov 22, 2024
Northvolt files for bankruptcy in blow to Europe's EV ambitions
The firm said it has only enough cash to support operations for about a week.
A man walks past the Bank of Japan headquarters in Tokyo on Oct. 30.
BUSINESS
Nov 11, 2024
Worsening corporate mood and bankruptcies cloud BOJ's rate hike path
Some BOJ board members have voiced concerns that intensifying labor shortages could constrain growth, rather than lead to higher wages.
Funai Electric has received court approval for its bankruptcy plan.
BUSINESS / Companies
Oct 25, 2024
Funai Electric receives approval for bankruptcy plan
Founded in 1961, the firm had boasted a significant presence in Japan and abroad as an original equipment manufacturer.
Ramen shop Menya Taisei's owner Taisei Hikage cooks ramen at his shop in Tokyo.
BUSINESS / Economy
Oct 24, 2024
Japan's rising ramen prices give election voters food for thought
The problems facing ramen shop owners reflect a cost-of-living crunch that has become a top issue for voters in the general election on Sunday.
Debt-laden companies in Japan are rapidly growing in number, in some measures even faster than in 1992 after the collapse of its asset price bubble.
BUSINESS / Companies
Oct 22, 2024
Zombie companies may finally succumb to bankruptcy on BOJ hikes
Bankruptcies topped 5,000 cases for the first time in a decade between April and September, a report by Tokyo Shoko Research showed earlier this month.
Japan saw the highest number of bankruptcies since 2013 in the six months through September.
BUSINESS / Economy
Oct 8, 2024
Japan records highest number of bankruptcies in a decade as costs rise
The bankruptcies partly reflect the impact of higher prices, while a record 163 firms cited labor shortages as a reason for their struggles.
Growing moves by companies to pass on higher costs to consumers amid accelerating inflation are believed to have led to the decrease in bankruptcies.
BUSINESS / Companies
Sep 10, 2024
Japan business failures log first drop in 29 months in August
The figure stood below 800 for the first time in four months.
More Japanese firms have gone bankrupt in the first half of this year due to soaring costs, labor shortages and the end of pandemic-related support.
BUSINESS / Economy
Jul 18, 2024
Triple whammy takes Japan bankruptcies to decade high
Soaring costs, labor shortages and the end of pandemic-related financial support are taking a heavy toll on smaller businesses.
A worker at Sakai Seisakusyo prepares to transport metal rods at its factory in Kakamigahara, Gifu Prefecture, on July 8.
BUSINESS / Companies / FOCUS
Jul 16, 2024
Japan finds a 'stealth' cure for zombie businesses: Let them fail
The shift in thinking is a clear departure for a country that has typically sought to avoid bankruptcies and protect existing jobs at the cost of productivity.
The number of bankruptcies in Japan between January and June hit the highest level in a decade, up 22% from the same period last year.
BUSINESS / Companies
Jul 5, 2024
Japan's first-half bankruptcies reach highest mark in a decade, report shows
There were 4,887 bankruptcies between January and June, up 22% from the same period a year ago.
A nursing home in Ishikawa Prefecture. Wage increases in other industries have made the nursing care sector less attractive.
JAPAN / Society
Jul 4, 2024
Over 80 nursing homes in Japan went bankrupt in first half
Rising costs and a severe manpower shortage are the main reasons driving care providers out of business.
Chinese buyer of Okinawa island to make visit in summer
Yanaha Island in Okinawa Prefecture as seen from a ferry.
Cedar pollen is already in the air in Tokyo
Climate change and urbanization are believed to have contributed to the earliest ever observation of cedar pollen in Tokyo, on Jan. 8, an expert says.
More bird flu cases found in Japan; 1.44 million birds to be culled
Officials with the agriculture ministry hold a news conference in Nagoya on Friday following an outbreak of avian influenza in Tokoname, Aichi Prefecture, earlier this month.
Fuji TV loses more advertisers amid inquiry into host’s behavior
Fuji TV is losing more advertisers following allegations about inappropriate behavior by a celebrity host and questions about its handling of the case.
What went wrong at Fuji TV's news conference on allegations against Nakai?
Fuji TV President Koichi Minato speaks at a news conference on Friday in Tokyo.
As Trump returns, will Japan be able to weather the storm?
Then-U.S. President Donald Trump speaks during a news conference at Akasaka Palace in Tokyo in May 2019.
Amid rising world hunger, a Japan-inspired group in Kenya is making a big impact
Wawira Njiru, the founder of Food4Education, serves food during the opening of a new kitchen in Mombasa County, Kenya, in 2022. The organization started in 2012 by feeding 25 children out of a single kitchen. Now it feeds nearly half a million every day.
From Tokyo to Manhattan, Takuma Watanabe stirs up a stiff drink
It's taken Takuma Watanabe little time to establish himself as one of New York's hottest bartenders.
For tourists in search of seasonal sights, Yamagata makes its case
For some time away from Tokyo's suffocating urban sameness, Yamagata Prefecture is home to a soothing array of natural abundance.
A slow dive into ‘a moment and an eternity’ with Ryuichi Sakamoto
From the mid-2000s onward, Ryuichi Sakamoto created a number of installation works, often in collaboration with Shiro Takatani, of multimedia art collective Dumb Type.

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Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
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