Japan's Corporate Bankruptcies Hit 11-Year High, Malaysian SME Businesses are Beginning to Realize The Importance of Credit Insurance
The number of bankruptcies among Japanese companies has reached a record high: In the current unstable situation, Malaysian businesses are beginning to realize the importance of credit insurance
Japan is witnessing a sharp rise in corporate bankruptcies, with the total number expected to exceed 10,000 by the end of 2024—an 11-year high since 2013, according to data from Tokyo Shoko Research (TSR). The latest report reveals 841 Japanese companies declared bankruptcy in November alone, bringing the year-to-date total to 9,164, surpassing last year’s numbers.
This surge underscores the importance of robust trade credit policies to mitigate financial risks during such economic instability. Businesses must prioritize risk assessments, secure credit insurance, and implement stringent payment terms to safeguard cash flows and ensure sustainability in uncertain times.
For companies navigating volatile markets, adapting to the current challenges with comprehensive credit management is not just prudent but essential for long-term resilience.
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