According to a report released by Japan's Tokyo Commerce and Industry Research Company on the 10th, a total of 1,028 Japanese companies went bankrupt in July, and more than 1,000 companies went bankrupt after June. This is the first time in 14 years that more than 1,000 companies have gone bankrupt for two consecutive months in Japan. The company analyzed that the depreciation of the yen pushes up prices and labor shortages are the main reasons for the increase in bankrupt companies. According to the data, the number of bankrupt companies in Japan in July increased by 6.9% compared to the same period last year, the highest value in a single month since this year. The total debt of these companies was 236.3 billion yen, a 41.4% increase over the same period last year. Among them, the credit card settlement agency “Zentoshin” headquartered in Osaka has debts of 115.16 billion yen, which is probably the largest Japanese bankrupt company with the largest debt since this year.

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