November 7, 2024, 12: 49
According to Tokyo Shoko Research data, bankruptcies among Japanese SMEs in the first half of 2023 increased by 30% year-on-year, marking the first time since 2020 that semi-annual bankruptcies exceeded 4,000 cases. Despite government financial support post-COVID, businesses continue facing labor shortages and high price pressures. With persistent inflation, chronic labor shortages, and other domestic and international factors, Japans economic recovery remains sluggish.