Early Friday morning in Asia, even before the Tokyo open, Bloomberg came out with the news that conveys a major Japanese research firm’s forecast. The analysis from Tokyo-based Teikoku Databank Ltd. suggests companies declaring bankruptcy in Japan will likely climb to the most in seven years in 2020. Key quotes Bankruptcy protection filings jumped to 758 in April, with 123 of those caused by factors related to the pandemic, as the outbreak forced hotels and restaurants to close their doors, according to the major credit research firm that compiles Japan corporate failure data. That’s the view of Tokyo-based Teikoku Databank Ltd., which is forecasting that such cases may exceed 10,000 this year, the highest since 2013. FX implications While the news failed to provide any immediate market impact, it could challenge the current risk-on sentiment and may weigh on the USD/JPY if the scheduled data from Japan comes out as negative. Against this backdrop, the yen major seesaws around 107.60/65 by the press time. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next The Times: UK seeks alliance to avoid reliance on Chinese tech – Reuters FX Street 3 years Early Friday morning in Asia, even before the Tokyo open, Bloomberg came out with the news that conveys a major Japanese research firm’s forecast. The analysis from Tokyo-based Teikoku Databank Ltd. suggests companies declaring bankruptcy in Japan will likely climb to the most in seven years in 2020. Key quotes Bankruptcy protection filings jumped to 758 in April, with 123 of those caused by factors related to the pandemic, as the outbreak forced hotels and restaurants to close their doors, according to the major credit research firm that compiles Japan corporate failure data. That’s the view of Tokyo-based Teikoku Databank Ltd., which… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
