Corporate bankruptcy in January 5th consecutive month, higher than the same month last year 16:38 on February 10
Corporate bankruptcy is increasing. Last month, the number of bankruptcies was 713, exceeding the same month of the previous year for the fifth consecutive month, and the companies surveyed showed that in addition to the sluggish sales after the consumption tax hike, the spread of the new coronavirus in the manufacturing and tourism industries It is necessary to pay attention to the effect.
According to a private credit bureau, Teikoku Databank, 713 companies went bankrupt last month with debts of more than 10 million yen, exceeding the same month of the previous year for the fifth consecutive month.
Retail bankruptcies increased by 9.5% to 173 cases due to sluggish sales after the consumption tax hike last October and soaring labor costs due to labor shortages. Wholesale business increased 19.6% to 122 cases.
In the future, it is necessary to pay attention to the effects of the spread of the new coronavirus on parts manufacturers that rely on exports to China, as well as on accommodations and restaurants that are often used by Chinese tourists.
According to a research company, "At the time of the spread of SARS in 2003, bankruptcy was observed in the travel business. The spread of the new virus has become a new business risk."