136 Corporate Bankruptcies, Second Most in a Decade.

Breaking News "Gunma Prefecture".
By AI of "Isesaki FM".

According to Teikoku Databank, 136 companies went bankrupt in the prefecture last year, the second highest number in 10 years. The majority of cases were in manufacturing (35 cases), construction (29 cases), and services (28 cases), with manufacturing increasing 25% from the previous year and services recording a record high for the second consecutive year. Total debt decreased to 17.551 billion yen, but small-scale bankruptcies accounted for 70% of the total, the highest number ever. Labor shortages and high prices are said to be the main causes.