Corporate bankruptcies in Japan have risen for the second month in a row, they blame the rising value of their yen, which is being pushed up by the falling U.S. dollar.

Credit research firm Teikoku Databank says 969 companies failed in August!

The strong yen is causing a drop in orders and exports, and causing trading losses in currency derivatives.

The research firm warns of a vicious spiral, with more companies shifting production overseas to escape the high yen, in turn cutting even more orders to Japanese firms and putting them at risk of bankruptcy.