Bankruptcies in sector rise despite strong demand from inflation-weary consumers
Used Japanese cars have strong demand overseas, as they are generally kept in good condition. (Photo by Sota Tanaka)
TOKYO -- Bankruptcies of used car dealerships in Japan are increasing despite strong demand due to higher inflation, as a weak yen benefits foreign dealers buying automobiles at auction.
In the first five months of the year, 50 used auto dealerships filed for bankruptcy, a 56% rise compared with the same period last year, according to corporate research company Teikoku Databank. The surge in bankruptcies is nearing a record high in 2009 after the global financial crisis.
Tahaad Pettiford recently withdrew from NBA draft. A few weeks later, he was taken into custody on a DUI charge in Alaba...
Multiple Dolphins made their infamous trek over to CBS' top 25 worst NFL head coaching hires of the 21st century.
The Ashley takes a look at all of the “16 and Pregnant” cast members who are currently in prison, or have served time in...
Bhubaneswar: In the matter of a girl student attempting self-immolation in Balasore, today Odisha Higher Education Minis...
John Lyon, whose 22-year career at WMAL radio in Washington, D.C. coincided with his family’s quiet, determined search f...
%
Music mogul Sean 'Diddy' Combs was acquitted of sex trafficking and racketeering charges but convicted on transportation...
Former Arsenal midfielder Thomas Partey has been formally charged with multiple counts of rape and sexual assault by UK ...
JAMB has clarified its admission policies, rectifying a student's status, reiterating the necessity of its Central Admis...
Ghana is undertaking a comprehensive economic overhaul with President John Dramani Mahama's 24-Hour Economy and Accelera...
The 2024 Women's Africa Cup of Nations opened with thrilling matches, seeing Nigeria's Super Falcons secure a dominant 3...
A new opposition coalition, led by the African Democratic Congress (ADC), is emerging to challenge President Bola Ahmed ...
Oba Owolabi Olakulehin, the 43rd Olubadan of Ibadanland, has died at 90, concluding a life of distinguished service in t...
Nigerian football mourns the death of legendary Super Eagles goalkeeper Peter Rufai, who passed away at 61. Known as 'Do...