The number of companies that went bankrupt nationwide in August was 8, a significant increase of 742.1 times that of the same month last year.
The number of bankruptcies that have been suppressed by support measures related to the new coronavirus has been increasing recently.
According to Teikoku Databank, a private credit bureau, the number of companies and other businesses nationwide that had debts of 8 million yen or more in August and went through legal liquidation procedures was 1000, an increase of 742.50% compared to the same month last year.
It was the 5th consecutive month above the same month of the previous year, the third highest rate of increase since 16, when statistics began to be kept in its current form.
Looking at the number of bankruptcies by industry, the service industry had the largest number of bankruptcies with 2000, followed by the construction industry and the retail industry with 3 bankruptcies.
In addition, there were 187 bankruptcies in August due to difficulties in repaying after receiving virtually interest-free and unsecured loans, so-called "zero-zero loans" in response to the novel coronavirus, and as a result, the total number of bankruptcies from January to August was 148, already exceeding the number of cases in the previous year.
According to Teikoku Databank, "In addition to the full-scale repayment of zero-zero loans from July this year, there are many cases where people give up on continuing their business due to rising prices and labor shortages."