In 2012, the number of Japan corporate bankruptcy was 12,124, a decrease of 4.7% compared with 2011, decreased for four consecutive years, a record low of recent 20 years. The liabilities totaled 38,345 billion yen, a growth of 6.7% over the previous year. The bankruptcy of the semiconductor giant Elpida and other large enterprises was the main reason for the increase of total liabilities. The enterprises’ Liabilities of more than 100 billion yen was 4 while it was 3 last year, the number of listed companies in bankruptcy from 4 to 6.
The Tokyo Chamber of Commerce and Industry said that the measures had taken to deal with the situation. Although the relevant policies to curb the number of bankruptcy, but in fact there are many companies suffer from poor management. After the new policy at the end of March, bankruptcies may increase.
