Japan records surge in bankruptciesrecords surge in bankruptcies as weak yen deepens economic strain

Japan experienced the highest number of business bankruptcies in the first half of a year since 2022, driven by the country's steeply depreciating currency and the resulting economic pressures.

The slump in the yen has forced companies to buy dollars at unfavorable rates, creating a negative spiral that further weakens the currency and heightens long-term financial costs for the nation.