Nearly 500 companies have gone bankrupt in Japan. Which region has the most bankrupt companies?

Companies in Tokyo have the highest number of bankruptcies, with 122 companies going bankrupt.

1. Why do companies in Tokyo have the most bankruptcies?

Most of the companies that went bankrupt in Tokyo were catering companies.

Because after the outbreak of the new coronavirus, a large number of people are quarantined at home and rarely go out to consume.

The catering industry is generally located in business districts with the largest crowds. At the same time, rents in business districts are particularly expensive.

During the epidemic, people did not go out for consumption, but store rent and employee wages in the business district still had to be spent.

Under this situation of being unable to make ends meet, the COVID-19 epidemic still shows no signs of ending, so these catering companies have no choice but to go bankrupt. ,

2. Why are most catering companies concentrated in Tokyo?

This is related to the composition of Japanese society.

Today Japan has entered a highly aging society.

A large number of young people work and live in Tokyo, while almost only the elderly remain in Japan’s second and third tier cities.

If things continue like this, Tokyo's business districts are basically filled with things that young people like, such as food and various entertainment facilities.

Because young people are busy working every day and basically have no time to cook, more people will choose to eat out.

In second- and third-tier cities, basic facilities are targeted at the elderly. Because the elderly have more time to cook at home, there are not as many catering companies in second- and third-tier cities as there are in Tokyo.

This has also resulted in the largest number of companies closing down in Tokyo, Japan during this epidemic.

3. In addition to the catering industry, Japan’s hotel industry and clothing industry have the most bankrupt companies

Due to the impact of the new crown epidemic, people who originally planned to travel can only be forced to quarantine at home .

This has also led to heavy losses in the hotel industry and the closure of many companies.

The COVID-19 epidemic has also had a great impact on the clothing industry.

Because Japan is a country that attaches great importance to workplace image.

Japanese girls will teach themselves how to do makeup after entering middle school, and they will never go out without makeup.

They are so image-conscious and are also very picky in their choice of clothing.

But after the advent of the new coronavirus epidemic, most office workers have been forced to work from home, so they don’t have to go out, office workers don’t have to put on makeup, and they don’t have to worry about buying new clothes.

This has also caused Japan's clothing industry and cosmetics companies to be affected.