July 8, 2020 at 18:38 JST
Factories are seen at the Keihin industrial area in Kawasaki on July 1. (AP Photo)
Bankruptcies among Japanese companies in the first half of the year rose for the first time in 11 years due partly to the coronavirus pandemic that has hit hotel and restaurant businesses, according to data compiled by a research firm.
Tokyo Shoko Research, which tracks Japanese bankruptcies, said there were 4,001 cases in the six months through June, up 0.2 percent from a year earlier. Among them, 240 firms went bankrupt due to the coronavirus pandemic, the research firm said.
“While the coronavirus is one of the reasons of the rise in bankruptcy, most of them are ascribed to increase of labor costs and October’s sales tax hike,” a spokesman at the research firm said.
Bankruptcies in industries including accommodation and food services came in at 1,295, up 3.8 percent year on year, as declines in inbound tourism hit the sectors, the firm said.
Prime Minister Shinzo Abe had issued the state of emergency nationwide for more than a month until late May to stem the spread of COVID-19, which has infected nearly 21,000 people in the country and killed almost 1,000.
The Asahi Shimbun aims “to achieve gender equality and empower all women and girls” through its Gender Equality Declaration.
Let’s explore the Japanese capital from the viewpoint of wheelchair users and people with disabilities with Barry Joshua Grisdale.
This special page portrays the dramatic arrest of Carlos Ghosn and the twists and turns that followed.
This special page reviews what the former Nissan Motor Co. chairman left during his 19 years in Japan.
Baseball star Ichiro Suzuki had much to say on March 21, 2019, the day he hung up his spikes.
This special page details how journalists uncovered shady transactions through Bermuda and other tax havens.