Japan for the month of October, the number of failed businesses continued to decline year-on-year

Japan Tokyo Shoko research firm announced on 10 February, the month of October of this year Japan liabilities up to 10 million yen (approximately US $ 1 89.99 yen) above the number of failed businesses continued to decline year-on-year.

Data show that in October, Japan total 1261 enterprises collapse 11.7% year-on-year, 3 months in a row, is lower than the same period last year; the collapse of the enterprise's total liabilities 2903.43 billion yen, up significantly reduce 71.1% for 7 months a year-over-year decline.

All the statistics of 10 industry in seven industry closure of enterprises, year-over-year decline. Among them, the real estate industry reduce 37.5%, 35; agriculture, forestry, fishing, mining 36.3%; for a 7% reduction in the transport industry, 43 34.8; manufacturing year-over-year decrease 16.8%, 187; retail year-over-year decrease 15.9% 153; construction year-over-year decrease 14.9 percent, to 342; wholesale trade 13.2% year-on-year, 177. Information communication industry, finance, insurance and other services of the number of the closure of enterprises grew 21.4%, 16.6% and 10.2%, respectively, 51, 7 and 259.

Japan Tokyo Shoko research company said that the Government of Japan on SME financing emergency assurance system and public works projects to advance the implementation of measures such as the month of October is the number of firms continued to reduce the main reason. While the total liabilities were dropped, the main reason for this is the current liabilities in 100 billion yen above the collapse of large enterprises only 2 home, far less than the same period last year by 12.

The data also show that from January to October, the collapse of Japan enterprises accumulated 13212, closure of enterprises, the whole year is expected to be slightly higher than last year's level of 15646.