Bankruptcies associated with the March earthquake reached 505 as of Dec. 21, according to Tokyo Shoko Research Ltd., roughly four times as many as in the first 10 months following the 1995 temblor in Kobe.
Tokyo topped the list with 114 filings. Many firms there have dealings in the disaster-hit Tohoku region. Six Tohoku prefectures saw 84 bankruptcies.
Manufacturers accounted for 123 filings, or 24 per cent. Service-sector firms, including hotels and restaurants, followed at 116, with 89 construction businesses going under.
There were 129 bankruptcies over the 10 months following the 1995 quake. (lankabusinessonline.com)
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