TOKYO -- The number of business bankruptcies in Japan jumped to the highest level in 11 years in 2024, as smaller companies succumbed to the higher costs of materials and labor.
Business trends
Japan bankruptcies hit 11-year high on cost pressure
Rising interest rates add to headwinds against small businesses
Bankruptcies in Japan's construction industry climbed due to a shortage of manpower caused by new overtime rules. © Reuters
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