JAPAN DATA: Combined corporate bankruptcies totaled 12,734 firms
in 2011, down 4.4% on year, showing declines for the third straight year
despite the March 11 earthquake, data released by Tokyo Shoko Research
showed. TSR said the government’s financial support provided after the
disaster helped lower bankruptcies. Combined liabilities fell 49.8% on
year to Y3.593 trillion in 2011, falling below Y5 trillion for the first
time since 1990, when liabilities came to Y1.996 trillion.