TOKYO -- At long last, Japan Inc. is showing signs of faster transformation, with both corporate births and closures on the rise. In 2023, over 140,000 companies were established, an increase of nearly 10% from the previous year. Closures also rose, partly due to the phaseout of COVID-19 pandemic support for smaller businesses.
Japan's corporate metabolism is finally accelerating, with an increasing number of companies entering and exiting the market.
Datawatch
Japan Inc. shows signs of faster rejuvenation
Corporate metabolism quickens as both business births and deaths rise around 10%
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