Japan¡¯s weak currency has caused the most bankruptcies during the first half of a year since 2022, underscoring the growing economic costs of the currency¡¯s slump.
Forty-five firms failed between January and June for that reason, up more than 30% from a year earlier, according to a report by Tokyo Shoko Research on Wednesday. The figure was the highest since 2022, when the data firm started counting companies that specifically cite currency weakness in filing for bankruptcy.
The findings suggest the smaller firms that employ most of Japan¡¯s workers are finding it increasingly difficult to withstand the yen¡¯s prolonged weakness, casting a shadow over the nation¡¯s economy, even as exporters benefit.
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