Corporate Bankruptcies Up in Japan

The number of corporate bankruptcies in Japan is up nearly 8% over October of last year.  That’s the bad news.

The good news is that the amount of debt left behind was down by 14.3%. So, more companies are going belly up, but they are losing less money.

Even in bad news, there is good news in Japan.

The total number of corporate failures in Japan in October was 889. The amount of debt was 566.09 billion yen = abt. $5 billion.

The failures were mostly small and medium sized companies = the big guys are keeping Japan’s economy humming, but the good effects have not trickled down to all the little people, eh?

What do you think?