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Japan logs 934 bankruptcies in Oct., year's 3rd-highest tally

TOKYO (Kyodo) -- Corporate bankruptcies in Japan totaled 934 in October, the third-highest monthly tally this year, as rising prices and labor costs w

  • Japan recorded 934 corporate bankruptcies in October, third-highest monthly tally of the year.
  • Rising prices, labor costs, and inflation contributed to the increase in bankruptcies.
  • Labor shortages and weak yen increased the cost of imported raw materials, affecting businesses.

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