Bankruptcy Filings in Japan

TOKYO (Reuters) – Japan's bankruptcy filings this year are set to surpass 10,000, reaching the highest level since 2013, according to private-sector data from Tokyo Shoko Research (TSR) released on Monday, ahead of a crucial central bank meeting next week.

In November, 841 Japanese companies declared bankruptcy, bringing the tally from January to November to 9,164, already exceeding last year's total, as reported by the credit research agency.

The figure for 2024 is likely to exceed 10,000 for the first time since 2013, when 10,855 firms went bankrupt.

The Bank of Japan is scheduled to hold a rate review on Dec. 18-19, where policymakers will examine recent economic indicators to ensure alignment with forecasts. Market expectations for the next BOJ rate hike have varied between December and January.