Bankruptcies from COVID-19 in Japan top 100
NHK -- May 02
A research firm says the number of bankruptcies in Japan triggered by the coronavirus pandemic has exceeded 100.

Teikoku Databank says 83 companies went bankrupt in April. It says this shows the dire consequences from stay-at-home restrictions imposed as part of the government's state of emergency declaration.

The total number of bankruptcies related to the virus outbreak since February stands at 114.

The outbreak affected various kinds of industries. Hard-hit businesses include hotels, bars, restaurants, and retailers such as women's apparel shops.

The research firm says financial support for cash-strapped companies is urgently needed as the number of bankruptcies is likely to increase.

News source: NHK
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