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Japan's corporate bankruptcies rose to a 13-year high in February, fueled by labor shortages and inflation, especially in services.
Corporate bankruptcies in Japan hit a 13-year high in February with 851 cases, an 11.3% increase from last year, driven by labor shortages and inflation.
The service sector saw the sharpest rise, with restaurant failures up over 30%.
Labor shortages contributed to 47 bankruptcies, the highest in five months, while inflation caused 69 failures.
Total liabilities fell 22.2% to 133.1 billion yen, with most cases involving small businesses.
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Las quiebras corporativas de Japón subieron a un máximo de 13 años en febrero, impulsadas por la escasez de mano de obra y la inflación, especialmente en los servicios.