Record 214,000 Japanese File Bankruptcy

February 5, 2003

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TOKYO (AP) -- A record 214,000 Japanese individuals filed for bankruptcy last year as the nation continued to struggle with its now chronic economic slump, Japan's top court said Tuesday.

A total of 214,634 Japanese filed for bankruptcy nationwide in 2002, up 33.8 percent from 160,457 the previous year, Supreme Court spokesman Isao Umezawa said.

http://www.nytimes.com/aponline/business/AP-Japan-Bankruptcy.html