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TOKYO – Japan’s household spending plunged in March and service-sector activity shrank at a record pace in April, reinforcing expectations that the coronavirus pandemic is tipping the world’s third-largest economy …
Pandemic sets Japan on course for deep recession as spending, services plunge Read More
TOKYO – The number of passengers on shinkansen and limited express trains during this year’s Golden Week holidays plunged 95 percent from a year earlier amid the coronavirus outbreak, data …
Shinkansen, express train users drop 95% during Golden Week holidays Read More
The Japanese government on Friday began issuing up to 2 million yen in cash benefits to small and midsize companies whose income has at least halved due to the outbreak …
Japan starts issuing cash benefits to virus-hit small firms very soon Read More
KYODO – Mitsubishi Heavy Industries Ltd. said Thursday it expects to book an impairment loss of ¥50 billion ($470 million) to ¥70 billion in the current business year through March …
Mitsubishi Heavy sees up to ¥70 billion impairment loss on jet business Read More
TSU, Mie – Eight years after arriving from Brazil, Rennan Yamashita sat in a government office in Mie Prefecture, filling out forms for unemployment insurance after losing his job for …
Foreign workers feel the pain of ‘corona job cuts’ in Japan Read More
TSU, Mie – Eight years after arriving from Brazil, Rennan Yamashita sat in a government office in Mie Prefecture, filling out forms for unemployment insurance after losing his job for …
Foreign workers feel the pain of job cut because of coronavirus pandemic in Japan Read More
TOKYO – Japan’s March factory output fell at the fastest pace in five months, while retail sales also dropped as businesses struggled with the coronavirus pandemic’s sharp hit to overseas …
Japan’s factory output, retail sales slump in March Read More