CENTURIES-OLD Japanese companies are failing at a record pace due to rising prices, a shortage of workers and successors, disappearing long-standing symbols of stability.
Japan's century-old companies, which survived wars, the tsunami disaster, and crises, could not survive 2026. Rising costs, labor shortages, a shrinking population, and the lack of a new generation to take over the companies led to record levels of bankruptcy among businesses with over 100 years of history.