October corporate bankruptcies in Japan’s Tohoku region rise 11.6% to 48
Teikoku Databank’s Sendai branch disclosed that corporate bankruptcies across Tohoku’s six prefectures rose 11.6% year on year to 48 in October, the first increase in two months. Total liabilities fell 6% to ¥5.825 billion, with bankruptcies involving liabilities below ¥100 million accounting for about 70% of cases. A separate Tokyo Shoko Research tally also counted 48 bankruptcies but put liabilities at ¥14.658 billion, including ¥8 billion from two companies associated with department store Kaw atoku’s former operator.