Japan - December 29, 2024 The number of bankrupt Japanese businesses in 2024 is estimated to exceed 10,000, reaching the highest level since 2013, according to survey data released on Saturday. During the January-November period, a total of 9,164 companies went bankrupt in Japan, as was shown by data from the Japanese corporate credit survey institution Tokyo Shoko Research (TSR). In the first 11 months of the year, bankruptcies in Japan increased by 16.2 percent compared with the same period last year, with total debt nearing 2.15 trillion yen (about 13.6 billion U.S. dollars), the TSR data said. The number of bankrupt companies in the country was 10,855 in 2013, but has been staying below 10,000 since then. In addition, over 70 percent of the companies that went bankrupt have debts of less than 100 million yen (633,416 U.S. dollars), and most of the bankruptcies this year have been among small and micro businesses. The slow recovery in domestic demand and rising prices, along with increased debt and labor shortages, are placing heavy burdens on these businesses, TSR's survey report suggested. The video shows: FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland) 1. Aerial shots of city, traffic 2. Various of pedestrians, traffic FILE: Tokyo, Japan - October (CCTV - No access Chinese mainland) 3. Various of shops, restaurants along street, pedestrians FILE: Tokyo, Japan - June 16, 2022 (CGTN - No access Chinese mainland) 4. Various of signs of Bank of Japan FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland) 5. Various of Japanese yen banknotes going through bill counter 6. Japanese yen banknotes on counter 7. Various of flags of Japan, Japan's National Diet building [Restrictions: No access Chinese mainland]