CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Japan's corporate bankruptcies climb 1.4% in July

08-08-2011 15:43 BJT

TOKYO, Aug. 8 (Xinhua) -- The number of corporate failures with debts of at least 10 million yen (128,000 U.S. dollars) rose 1.4 percent in July from a year earlier to 1,081, marking the third consecutive month of year-on-year increase, Tokyo Shoko Research Ltd. said Monday.

According to the credit research agency, 68 of the corporate failures in the recording period were due to the adverse affects of the March 11 earthquake and tsunami, bringing the total number of bankruptcies attributable to the quake and tsunami to 243.

By way of comparison, in the five months after the 1995 Great Hanshin Earthquake, 76 bankruptcies were recorded, more than a third less than the failures recorded in the same period following the March 11 disasters.

Liabilities left by the bankrupt firms dropped 19.7 percent to 220.91 billion yen, the lowest seen in July in the past 20 years due to a decline in bankruptcies involving liabilities worth 1 billion yen or more, according to the agency's figures.

Firms with debts of less than 100 million yen contributed to 70 percent of the overall total, Tokyo Shoko's data showed.

Separate data released by Teikoku Databank Ltd. showed Monday that 965 businesses failed in July, rising 5.1 percent from a year earlier, with liabilities of 202.89 billion yen, a drop of 18.6 percent from the same time a year earlier.

Editor:Wang Xiaomei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program