TOKYO —

The number of corporate bankruptcies in Japan in October fell 11.7% from a year earlier to 1,261 due to the government’s loan guarantee system and the front-loaded implementation of public works projects, a credit-research agency said Tuesday.
   
The number, which covers failures with 10 million yen or more in debts, represented the third straight year-on-year fall, Tokyo Shoko Research said. The debts left by the failed firms fell 71.1% to 290.34 billion yen, because the number of large-scale failures entailing debts of 10 billion yen or more was limited to two in the month, down from 12 posted a year earlier, it said.

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  kaminarikeizai at 01:43 PM JST - 11th November

  No need to happy with above data. More than 70% Japanese companies are in loss. Bankruptcies percentage will be increased by end of current fiscal year.

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