January saw a noticeable surge in Japanese businesses facing bankruptcy due to the devaluation of the yen. These insolvencies, which reached six in total, have doubled since the same period last year due to the weakened value of Japan's currency. This increase in bankruptcies due to yen's depreciation threatens the stability of Japan's economy and small businesses' survival.

In Japan, people are deeply concerned about the impact of yen depreciation on their economy, particularly on small and medium-sized businesses which are the backbone of the Japanese economy. Moreover, Japan's traditional culture of lifetime employment adds to the apprehension, as individuals worry about job security and livelihood disruption amid these economic hardships.

In the United States or European Union, bankruptcy laws are designed to protect and provide relief to businesses and individuals during financial hardship. Currency devaluation hits can have similar consequences globally, yet assistance and economic safeguards vary and can lead to differences in the rate of bankruptcies.