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Okinawa bankruptcies down

Date Posted: 1999-03-20

A report by the Teikoku Data Bank has shown that the number of bankruptcies in Okinawa Prefecture has dropped slightly from the year before.

Previously, Okinawa had held the dubious honor of topping the nation's list of bankruptcies for nine consecutive years. 1998 saw Okinawa drop to second place.

The report stated that Okinawa Prefecture has a great number of bankruptcies due primarily to the large number of company registrations each year. At 5.95% of the national average, Okinawa has the largest number of business registrations.

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