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Okinawa bankruptcies on the decrease

Date Posted: 1999-06-05

Okinawa recorded four bankruptcies in May this year, the lowest figure on record, with a combined debt of more than 28 billion yen, according to the Okinawa Branch of the Tokyo Shoko Research Co.. The research was based on companies with debts totaling more than one million yen.

The latest figures, which correspond with the four bankruptcies reported for the same period last year, was a significant drop from the 17 cases reported in 1975, previously the lowest number of bankruptcies for May.

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