Japan saw the highest number of bankruptcies since 2013 in the six months through September, as companies were increasingly hit by rising costs.

Some 4,990 firms went bankrupt in that period, increasing 18.6% from the previous year, according to a report by Teikoku Databank on Tuesday. The number of firms going under in Japan has continued to increase since the second half of the year ending March 2022.

Source: https://www.japantimes.co.jp