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Corporate bankruptcies climb in Japan.

Global Banking News-8 July 2009-Corporate bankruptcies climb in Japan(C)2009 ENPublishing -

Global Banking News - 08 July 2009(c)2005 - Electronic News Publishing -

Corporate bankruptcies have increased in Japan.

It is believed that corporate bankruptcies in the country have climbed by 7.4% because of the credit crisis.

Figures indicate that businesses are struggling to get access to credit. Further, the global recession has also crippled sales.

While a total of 1,422 companies went out of business in the month, bankruptcies climbed by 8.3 percent in the first half of 2009 to 8,169 cases.

The governor of Bank of Japan, Masaaki Shirakawa, said this week that funding remains tight even though some companies are finding it easier to issue debt.

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Publication:Global Banking News (GBN)
Date:Jul 8, 2009
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