Tuesday, May 24, 2011

Earthquake in Japan caused the bankruptcy of 66 companies

- The earthquake and tsunami of March 11 in Japan caused the bankruptcy of 66 companies through April, according to a report today from research agency Teikoku Databank market.

Only 10 of the 66 were located in the disaster area in the prefectures of Iwate, Miyagi and Fukushima, so that 90% of the companies were "indirectly affected. "

The agency added that 20 firms, 30.3%, broken by the attitude of "jishuku" or self-restraint in consumer spending after the disaster.

Many Japanese began to spend less money in view of the disaster and the suffering of victims, which was an added blow to the economy.

The hotels were the most affected with eight bankruptcies, followed by advertising agencies and event organizers.

The 66 closures left 1,229 persons without jobs and debts amounting to 37,130 billion yen (461 million dollars).

The number is three times higher than that caused by the Kobe earthquake of 1995, a month and a half after it happened. And it could increase because you can not even get a full picture of the effects on companies, especially the most affected areas.

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