Bankruptcies of eateries to hit all-time high in 2020 amid pandemic

The number of bankruptcies in Japan's dining industry will likely hit an all-time high in 2020 as many establishments struggle to restore their cash flow amid the ongoing coronavirus pandemic, the results of a recent survey showed.According to the survey conducted by Tokyo Shoko Research, bankruptcies of companies with debts of at least 10 million yen ($96,000) from January to November stood at 792, an increase of 8 percent compared with the same period last year.With Tokyo and some other local governments once again requesting that dining establishments shorten their business hours due to …READ FULL ARTICLE