Nearly 500 companies in Japan went bankrupt?

Yes, according to statistics from Teikoku Databank, a private research company, the anti-epidemic measures adopted by Japan after the outbreak of the epidemic hit the Japanese economy hard, from February to September 7 this year. , nearly 500 Japanese companies declared bankruptcy.

Among them, the catering industry was the most affected, with 69 companies closing down. This is followed by the hotel industry and the clothing industry. Geographically, the Tokyo area suffered the greatest losses, with 122 companies closing.

Starting from the first company filing for bankruptcy on February 25, 100 companies went bankrupt about 61 days later; it took about 35 days to increase from 100 to 200; it took about 29 days to increase from 200 300; it took about 34 days to increase from 300 to 400; it took about 36 days to increase from 400 to 500.

Extended information:

Japan’s economy shrank sharply in the second quarter

According to revised data released by the Japanese Cabinet Office on September 8, the economy in the second quarter Japan's GDP shrank by 28.1% year-on-year, exceeding the 27.8% expected in August. Japan, which has fallen into a technical recession, has experienced its third consecutive quarter of decline and the largest decline in the Japanese economy since 1980.

In addition, according to a report released by the Cabinet Office, from April to June, consumer spending, a major component of output, fell by 7.9% month-on-month. Business investment fell by 4.7% month-on-month, far exceeding the forecast of 1.5%. Exports of goods and services fell by 18.5%, and imports fell by 0.5%.

Jiangsu Metropolis Network - Nearly 500 companies in Japan went bankrupt, with the catering industry at the top of the list