TOKYO -- The number of bankruptcies in Japan in May fell from a year ago, bucking eight months of increases, in spite of the impact of business closures and a fall in consumption amid the coronavirus outbreak.
Financial research company Tokyo Shoko Research said the number was likely an anomaly and was expected to rise again in the months ahead. It reported that the number of companies that filed for bankruptcy dropped 55% to 314 in May from a year earlier, the smallest number in 56 years.
