2022 first-half corporate bankruptcies in Japan hit a decade high, increasing 22% to 4,887.

Japan's corporate bankruptcies hit a decade high, increasing 22% in the first half of 2022, with 4,887 recorded from January to June. This surge is attributed to rising costs, labor shortages, and waning financial support. Small and micro enterprises were the most affected, with Teikoku Databank predicting that corporate bankruptcies may exceed 10,000 in 2024 due to ongoing yen depreciation, soaring costs, and labor shortages.