Fewer big firms go broke in Japan

JAPANESE corporate bankruptcies fell for the 14th month running in February but the business environment for small and mid-size firms is worsening and the risk of failure remains high.

Research firm Teikoku Datab said bankruptcy cases dropped 23.8% year-on-year to 1,208 while bankruptcy debt fell 28.9% to 1.90 trillion yen (£9.4bn).