EconomyZentoshin’s debts exceed ¥110 billion in ‘largest bankruptcy of the year’
The bankruptcy of major credit-card payment processor Zentoshin has become the largest corporate failure of the year by scale. It is causing serious repercussions for small restaurants and other businesses across Japan. The government is preparing an “unusual appeal,” while financial institutions and nightlife districts are also expected to feel the effects. The report examines what happened and how the fallout may spread.
Zentoshin’s debts exceed ¥110 billion in ‘largest bankruptcy of the year’
Economy