Japan corporate bankruptcies rise in 2019 for 1st time in 11 years


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Complete outdated tax and legal and social law procedures are taking up too much time and money. I seem to have a whole department at the health and pension office working only on my company. I received 4 different health cards last year, about 2 letters on average a week from the pension dept.

archaic banking systems and time eating procedures are a nightmare. That and completely incompetent banking staff.

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90 percent of the bankrupt companies were small firms with fewer than 10 employees.

Abe's workplace reforms has hit small firms the hardest. Instead of fighting for better benefits from the entire workplace or place more pressure on large firms, he has largely protected big companies and placed his hopes on the working class and small businesses to pick up the slack.

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Small to medium sized businesses are struggling under Abe and Aso’s economic reforms. One business that is missing from the list and has the highest rate of bankruptcies within the first three months is those involved in aged care. The government does not subsidize these companies and the gray generation have no money despite hating into the pension scam all their lives. It should be noted that, the companies that make the above list have been operating for more than a year. The statistics are collected through tax returns. A company that has not been running for more than a year does not make the statistics. More smoke and mirrors reporting from the Japanese labor ministry.

5 ( +5 / -0 )

The Statistics don't tell us much, what would be more interesting and telling is a ranking of size of Corporation going Bankrupt.

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