Asia defies dire predictions of huge spike in bankruptcies, thanks to government help

Bankruptcies in Japan declined in the six months through September to the lowest since 1990.
Bankruptcies in Japan declined in the six months through September to the lowest since 1990.PHOTO: REUTERS

TOKYO (BLOOMBERG) - A feared wave of corporate bankruptcies has yet to materialize in Asia, due to a lot of help from policy makers.

If anything, the number of companies going out of business has dropped from last year in countries such as Japan and Singapore. That suggests that official measures to prevent corporate failures, in tandem with global stimulus of some US$12 trillion (S$16.3 trillion), may be bearing fruit.

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