Corporate Bankruptcies Rise for Ninth Straight Month

Not all business is good in Japan.

For the ninth straight month, corporate bankruptcies were up – 32% over last year…and 16.6% for the first half of this fiscal year…a total of 5,394 enterprises went belly up!

The debts left behind, however, fell 12.2% to 336.43 billion ($2.76 billion).

All industries reported a rise, but construction and retail were hit the worse.

Japan is the world's second largest economy and growing again largely due to global expansion everywhere.

Cars and electronics are reporting record earnings, but

small firms are still not out of the woods.

Japanese need to buy more domestic goods…houses and Hello Kitty doggy pillows.