The number of Japanese bankruptcies jumped 21.5 percent year-on-year to 1,704 in August, a private research agency said Thursday.
It was the 10th consecutive month in a row that the number of corporate failures had climbed year-on-year, Teikoku Databank said in a statement.
The amount of liabilities left by the bankrupt firms jumped 47.4 percent from a year earlier to 1,378.4 billion yen (12.9 billion dollars), it said.
Failures caused by poor sales numbered 1,289 in August, accounting for 75.6 percent of the total, the research agency said.
The number of employees in bankrupt firms totaled 12,084 in the month.
The figure for liabilities of bankrupt firms in August followed a record level of 4.26 trillion yen (39.44 billion dollars) in the previous month, when retail chain Sogo collapsed -- TOKYO(AFP)
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