Japanese izakaya bankruptcies hit record 167 in Jan-Sept, up 32.5% year on year

Izakaya (Japanese pub) bankruptcies in Japan reached a record 167 in January-September, up 32.5% year on year, driven by rising food, labour and rent costs. About 90% of failures were due to weak sales, concentrated among small establishments, with annual bankruptcies possibly exceeding 200 for the first time.

Detected & updated continuously · Source: Nebula