Inflation drives more Japanese companies into bankruptcy

More 'cost pass-through' needed for sustainable increase in stagnant wages

20230502N osaka skyline for japan bankruptcies

A aerial shot of Osaka. Inflation-caused bankruptcies are growing in Japan. (Photo by Hiromasa Matsuura)

HIROFUMI KANAOKA, Nikkei staff writer

TOKYO -- High prices are starting to put pressure on small and midsize businesses in Japan, forcing a record number of them into bankruptcy as the country lags behind the West in passing along the increased costs to customers.

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