Number of "payments" of bills Last month was half of the same month last year 4:30 on June 23
It turned out that the number of bills that were used for payments between companies that failed to prepare funds by the promised date and were "paid" last month was reduced to half of the same month last year. It seems that the financing support for the new coronavirus countermeasures such as interest-free and unsecured financing is the background.
A bill that promises postpayment of the price and hands it to the other party becomes ``payment'' if funds cannot be prepared by the deadline and settlement is not possible, and if the nonpayment is issued twice in half a year, the transaction with the financial institution is usually suspended. Business continuity becomes difficult.
According to the Japan Bankers Association, the number of bills that failed in the last month was 727, a 52% decrease from the same month last year.
The number of companies whose cash flow became difficult due to the new coronavirus increased, and the number of non-payments increased in March and April, but it turned to a big decrease.
According to the National Bankers Association, the use of bills was low due to the decline in economic activity, but I think that it is also due to the government's financing support such as loans with virtually no interest and collateral.
The National Bankers Association of Japan demands that banks do not stop the transaction immediately if the bills fail to be delivered due to a drop in sales due to the new coronavirus.
On the other hand, the number of non-delivery cases has decreased, but the amount remains almost the same level as the same period last year.
A private credit bureau has pointed out, "There may be some companies that have accumulated unpaid amounts due to tight cash flow and postponed payments."