TOKYO - According to Teikoku Databank, the number of corporate bankruptcies across Japan in the first half of this year reached 5,003 cases, surpassing the previous year's total for the third consecutive year.
It is the first time the figure has exceeded 5,000 since 2013, marking a 12-year high.
Among the sectors, construction saw the sharpest increase, with 986 bankruptcies—the highest in the past decade—driven by soaring material costs and a growing shortage of successors.
Source: TBS
A large new typhoon formed near the Ogasawara Islands on August 12 and could approach Honshu around the end of the Obon holiday period, while the remnants of Typhoon No. 15 continue to bring unstable weather and a risk of heavy rain across a wide area of Japan.
Hiroko Saito was 19 years old when she left Japan for North Korea in June 1961 with her Korean husband and their one-year-old daughter, persuaded by assurances that they were heading to a "paradise on earth" and that she could return to Japan after three years. Instead, she would spend four decades in North Korea, enduring chronic hunger, the deaths of her husband and children and a desperate struggle to survive before finally escaping and returning home in 2001.
Transport disruption caused by Typhoon No. 15 was easing across eastern Japan on the morning of August 12, with most major railway and airline services returning to normal after dozens of flight cancellations and widespread rail disruption during the storm's landfall in Ibaraki Prefecture the previous evening.
Japan's H3 Rocket No. 9 successfully placed the Michibiki No. 7 navigation satellite into its planned orbit after lifting off from the Tanegashima Space Center in Kagoshima Prefecture at 4:23 a.m. on August 11, marking the country's second consecutive successful H3 launch.
The Tokaido Shinkansen operated its first overnight service ahead of the Obon holiday period, offering travelers a 15,000 yen trip from the Tokyo area to Kyoto and Shin-Osaka while allowing them to save on hotel costs and arrive earlier than the first regular morning trains.
Hiroshi Okuda, a former president of Toyota Motor who helped lay the foundation for the automaker's emergence as one of the world's leading manufacturers, died of old age on August 8 at the age of 93.
Tokyo stocks ended nearly unchanged on August 12, with the Nikkei 225 at 66,988.82, as gains in energy and financial shares offset weakness in electronics and pharmaceuticals while investors weighed higher crude oil prices, a weaker yen and growing expectations for another Bank of Japan rate increase.
Sony Group and Taiwan Semiconductor Manufacturing Co. announced on August 11 that they have formally agreed to jointly produce next-generation image sensors, with total investment expected to reach about 1 trillion yen and mass production scheduled to begin in Kumamoto Prefecture in 2029.
Japan's street-level economic sentiment improved for a third consecutive month in July, supported by sharply hotter weather after the end of the rainy season and the start of the summer vacation period, with stronger sales of products including men's parasols and air conditioners.
Tokyo stocks rose on August 10, with the Nikkei 225 closing at 66,376.25, up 1.2%, as investors bought electronics, metals and artificial intelligence-related shares, while fresh signs of a more hawkish Bank of Japan debate kept attention on the yen, bond yields and the timing of the next rate increase.
Japan recorded a current account deficit of 92.3 billion yen in June, its first shortfall in 17 months, as a sharp increase in import costs outpaced growth in exports.
Several Bank of Japan policymakers have signaled support for accelerating interest rate increases, with one member warning that the pace of hikes could become faster than financial markets currently expect as the central bank pays greater attention to upside inflation risks.
A repeat of the sharp yen appreciation seen in the summer of 2024 is unlikely under current conditions, with persistently high U.S. interest rates and continued structural pressure on Japan's currency making another rapid surge difficult, according to UBS wealth management chief investment officer Daiju Aoki.
