Japan July corporate bankruptcies 23.0 pct yr/yr

The number of Japanese corporate bankruptcies fell for a twelfth straight month in July from a year earlier as brisk exports to emerging nations and government credit guarantees underpinned businesses, a research firm said on Monday. The number of Japanese corporate bankruptcies in July fell 23.0 per cent from a year earlier to 1,066 cases. Total debt involved fell 25.7 per cent from a year earlier to ¥275.3 billion ($3.22 billion), data from Tokyo Shoko Research said. No listed firms went under in July, the research firm said. Compared with the previous month, the number of bankruptcies in July was down 7.1 per cent and the amount of bankruptcy debt fell 2.9 per cent.