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Business trends

Labor shortage drives more bankruptcies in Japan

Lack of workers and rising costs increasingly cited in business failures in 2018

Trucking companies, as well as food service companies and nursing care providers, have been hit hard by Japan's labor shortage. (Photo by Wataru Ito)

TOKYO -- More Japanese companies went under for lack of personnel last year, reflecting the growing toll of the country's ongoing labor crunch on businesses that fail to secure or keep workers.

Tokyo Shoko Research counted 362 such bankruptcies during the year through November 2018, up more than 20% on the year. The total has already surpassed the full-year 2015 figure of 340, the highest since the research firm began tracking this data in 2013.

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