Japan's bankruptcy filings hit 11-year high in FY2024/25, TSR tally shows

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Japan's bankruptcy filings hit 11-year high in FY2024/25, TSR tally shows

, Reuters - 12:32 AM ET 4/8/2025 Company News

TOKYO (Reuters) - Japan's bankruptcy filings in fiscal 2024 totalled 10,144, the most in 11 years, credit research firm Tokyo Shoko Research (TSR) said on Tuesday, amid rising uncertainties around the Bank of Japan's rate hike schedule.

The number of bankruptcies in the 12 months to March was the largest since fiscal 2013's 10,536, and grew by 12% from the previous year, according to TSR. Most industries, except for financial and transportation sectors, had more bankruptcies than in the previous year, the data showed.

However, the total amount of debt in bankruptcy was 2.37 trillion yen ($16.08 billion) in fiscal 2024, down from 2.46 trillion yen in fiscal 2023, as relatively more small- and mid-sized firms went bankrupt, TSR said.

The largest debtor was the former Mitsubishi Aircraft Corp, which was liquidated last year with 641 billion yen in debt, after the termination of the Mitsubishi SpaceJet commercial airplane project, according to TSR.

Bankruptcy data is one of the indicators BOJ policymakers monitor to gauge the Japanese economy's soundness. Governor Kazuo Ueda has said the central bank will keep raising interest rates if sustained wage hikes, including at smaller firms, support consumption-led economic growth.

($1 = 147.4100 yen)

(Reporting by Kantaro Komiya; Editing by Muralikumar Anantharaman)

(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.