Yen Weakness Drives Corporate Bankruptcies in Japan
The weakness of the yen caused a rise in corporate bankruptcies in Japan during the first half of the year, totaling 45 companies—an increase of over 30% compared to the previous year. This reflects rising economic costs and their impact on small businesses. Additionally, challenges related to the currency's depreciation and the narrowing interest rate gap with the United States have led to increased costs and higher interest rates, which pressure economic activity and threaten the sustainability of companies, especially those relying on imports.
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