TOKYO (AP) - The number of corporate bankruptcies in Japan fell below 1,400 per month in June for the first time in 29 months as companies cut costs and tackled reforms to fight the country's long slowdown, a private think tank said Monday.
Corporate bankruptcies in Japan totaled 1,398 in June, down 1.2 percent from the 1,415 in the same month a year earlier, Teikoku Databank said. Corporate bankruptcies in May 2003 totaled 1,482, it said.
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