Corporate Bankrupticies climb for third month in a row
The number of corporate failures in Japan rose for the third month in a row totaling 896 cases in December up 18.2%.
November flops were up 6.5% and the number of companies going belly up in October were up 7.8%.
The amount of debts the insolvent companies left behind were up 30.6% to 463.09 billion yen.
The Bank of Japan left interest rates the same despite political pressures so that borrowing might continue and the country's economic recovery stay on track.
The number of total corporate failures in 2006 was 9,351 up more than 18% over 2005.
How bad is this bad news for Japan?
What do you think?
