According to Teikoku Databank, In the first half of 2012, 68 bankruptcies were filed, which is 6.3% higher than same term last year, and the highest since 2009 with 92 bankruptcies. However, the total debt from bankruptcies occurred was about 6.5 billion yen which is 72.1% lower than same time last year.
Source: Teikoku Databank a Member of BIIA
BIIA Comment: Printing companies the world over are suffering the effects of their clients moving from print products to digital. For example the Yellow Pages Directory industry is suffering the most and many directory printing plants in the USA have been shut down. According to Outsell Inc. the directory industry in Asia has contracted by 3.9% in 2011. A further decline is forecasted.