Latest news with #serviceSector
NHK
08-07-2025
- Business
- NHK
Japan bankruptcies top 5,000 in Jan.-June, 1st time in 12 years
The number of corporate bankruptcies in Japan topped 5,000 from January to June for the first time in 12 years. A survey by credit research firm Teikoku Databank shows 5,003 companies went under in the first six months of this year, up 116 from the same period last year. They had debts of at least 10 million yen, or about 68,000 dollars. It is the first time since 2013 that bankruptcies in the January-June period have exceeded 5,000. The service sector had the largest number of bankruptcies at 1,329, followed by retailers at 1,078 and construction firms at 986. Sixty-three percent of the failed companies had debts of less than 50 million yen, or about 340,000 dollars. Teikoku Databank cited inflation, a labor shortage and repayments of pandemic-related loans as reasons behind the increase in bankruptcies. The firm expects that bankruptcies will continue to increase gradually this year due to the possible impact of US tariffs.
Reuters
08-07-2025
- Business
- Reuters
Japan's service sector mood perks up as summer heat offsets US tariff gloom
TOKYO, July 8 (Reuters) - Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs. But corporate bankruptcy cases in the first half of this year rose 2.4% from a year earlier to hit a 12-year high of 5,003, a survey by private think tank Teikoku Databank showed, as rising raw material and labour costs hit margins. The batch of data highlight the fragile nature of Japan's economy, which is expected to see the strain from U.S. tariffs intensify in coming months, analysts say, with U.S. President Donald Trump announcing on Monday 25% tariffs on goods from Japan starting August 1. An index measuring sentiment among firms close to consumers stood at 45.0 in June, up 0.6 point from May, the government's "economy watchers" survey showed. An index gauging sentiment three months ahead stood at 45.9 in June, up 1.1 points from May to mark the second straight month of improvement, the survey showed. "Temperatures are rising so more customers are buying summer goods," a clothing outlet in Hokkaido, northern Japan, was quoted as saying in the survey. A drugstore in western Japan said sales volume was rising despite price hikes. Japan's economy shrank in the first quarter and analysts expect the hit from U.S. tariffs to intensify later this year, stoking fears of a recession - defined as two straight quarters of contraction. Data on Monday showed real wages in May fell at the fastest pace in nearly two years. The government on Monday made the bleakest assessment of the economy in nearly five years, after an index used to determine economic booms and busts slid in May. Economic revitalisation minister Ryosei Akazawa said bumper wage hikes and government stimulus measures will likely underpin a moderate economic recovery. "But the risk of U.S. tariff measures directly and indirectly hurting the economy is heightening," he told a news conference on Tuesday.
CNA
08-07-2025
- Business
- CNA
Japan's service sector mood perks up as summer heat offsets US tariff gloom
TOKYO :Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs. But corporate bankruptcy cases in the first half of this year rose 2.4 per cent from a year earlier to hit a 12-year high of 5,003, a survey by private think tank Teikoku Databank showed, as rising raw material and labour costs hit margins. The batch of data highlight the fragile nature of Japan's economy, which is expected to see the strain from U.S. tariffs intensify in coming months, analysts say, with U.S. President Donald Trump announcing on Monday 25 per cent tariffs on goods from Japan starting August 1. An index measuring sentiment among firms close to consumers stood at 45.0 in June, up 0.6 point from May, the government's "economy watchers" survey showed. An index gauging sentiment three months ahead stood at 45.9 in June, up 1.1 points from May to mark the second straight month of improvement, the survey showed. "Temperatures are rising so more customers are buying summer goods," a clothing outlet in Hokkaido, northern Japan, was quoted as saying in the survey. A drugstore in western Japan said sales volume was rising despite price hikes. Japan's economy shrank in the first quarter and analysts expect the hit from U.S. tariffs to intensify later this year, stoking fears of a recession - defined as two straight quarters of contraction. Data on Monday showed real wages in May fell at the fastest pace in nearly two years. The government on Monday made the bleakest assessment of the economy in nearly five years, after an index used to determine economic booms and busts slid in May. Economic revitalisation minister Ryosei Akazawa said bumper wage hikes and government stimulus measures will likely underpin a moderate economic recovery. "But the risk of U.S. tariff measures directly and indirectly hurting the economy is heightening," he told a news conference on Tuesday.
Yahoo
08-07-2025
- Business
- Yahoo
Japan's service sector mood perks up as summer heat offsets US tariff gloom
By Leika Kihara TOKYO (Reuters) -Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs. But corporate bankruptcy cases in the first half of this year rose 2.4% from a year earlier to hit a 12-year high of 5,003, a survey by private think tank Teikoku Databank showed, as rising raw material and labour costs hit margins. The batch of data highlight the fragile nature of Japan's economy, which is expected to see the strain from U.S. tariffs intensify in coming months, analysts say, with U.S. President Donald Trump announcing on Monday 25% tariffs on goods from Japan starting August 1. An index measuring sentiment among firms close to consumers stood at 45.0 in June, up 0.6 point from May, the government's "economy watchers" survey showed. An index gauging sentiment three months ahead stood at 45.9 in June, up 1.1 points from May to mark the second straight month of improvement, the survey showed. "Temperatures are rising so more customers are buying summer goods," a clothing outlet in Hokkaido, northern Japan, was quoted as saying in the survey. A drugstore in western Japan said sales volume was rising despite price hikes. Japan's economy shrank in the first quarter and analysts expect the hit from U.S. tariffs to intensify later this year, stoking fears of a recession - defined as two straight quarters of contraction. Data on Monday showed real wages in May fell at the fastest pace in nearly two years. The government on Monday made the bleakest assessment of the economy in nearly five years, after an index used to determine economic booms and busts slid in May. Economic revitalisation minister Ryosei Akazawa said bumper wage hikes and government stimulus measures will likely underpin a moderate economic recovery. "But the risk of U.S. tariff measures directly and indirectly hurting the economy is heightening," he told a news conference on Tuesday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Japan's service sector mood perks up as summer heat offsets US tariff gloom
By Leika Kihara TOKYO (Reuters) -Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs. But corporate bankruptcy cases in the first half of this year rose 2.4% from a year earlier to hit a 12-year high of 5,003, a survey by private think tank Teikoku Databank showed, as rising raw material and labour costs hit margins. The batch of data highlight the fragile nature of Japan's economy, which is expected to see the strain from U.S. tariffs intensify in coming months, analysts say, with U.S. President Donald Trump announcing on Monday 25% tariffs on goods from Japan starting August 1. An index measuring sentiment among firms close to consumers stood at 45.0 in June, up 0.6 point from May, the government's "economy watchers" survey showed. An index gauging sentiment three months ahead stood at 45.9 in June, up 1.1 points from May to mark the second straight month of improvement, the survey showed. "Temperatures are rising so more customers are buying summer goods," a clothing outlet in Hokkaido, northern Japan, was quoted as saying in the survey. A drugstore in western Japan said sales volume was rising despite price hikes. Japan's economy shrank in the first quarter and analysts expect the hit from U.S. tariffs to intensify later this year, stoking fears of a recession - defined as two straight quarters of contraction. Data on Monday showed real wages in May fell at the fastest pace in nearly two years. The government on Monday made the bleakest assessment of the economy in nearly five years, after an index used to determine economic booms and busts slid in May. Economic revitalisation minister Ryosei Akazawa said bumper wage hikes and government stimulus measures will likely underpin a moderate economic recovery. "But the risk of U.S. tariff measures directly and indirectly hurting the economy is heightening," he told a news conference on Tuesday. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
