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Japan’s 2024 bankruptcies poised to hit highest level since 2013



Japan’s bankruptcy filings are on track to surpass 10,000 this year, marking the highest level since 2013, according to Tokyo Shoko Research (TSR) data. In November alone, 841 firms went bankrupt, bringing the January-November total to 9,164, exceeding 2023’s full-year figure. The final 2024 tally is expected to surpass 10,000 for the first time since 10,855 filings in 2013. The rise in bankruptcies comes ahead of the Bank of Japan’s policy review on December 18-19, where officials will assess economic indicators to gauge alignment with forecasts. Market expectations for the BOJ’s next rate hike have oscillated between December and January amid ongoing economic uncertainty.

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