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Japan's corporate bankruptcies hit a decade-high in 2024, fueled by rising costs and labor shortages.
Japan's service sector sentiment improved slightly in December, but firms expect conditions to worsen due to rising living costs.
Higher fuel and food prices are impacting household spending.
Corporate bankruptcies reached a decade-high in 2024, up 16.5%, with small and medium-sized enterprises particularly affected by labor shortages and higher import costs.
Bankruptcies surged in the services and construction sectors, with record levels attributed to labor shortages and high social security costs.
The Bank of Japan may raise interest rates at their January meeting, citing positive wage outlooks, but this could further strain smaller firms.
Las quiebras corporativas de Japón alcanzaron un máximo de una década en 2024, alimentadas por el aumento de los costos y la escasez de mano de obra.