Japanese business leaders said Thursday support will be necessary for struggling firms under a second state of emergency over the novel coronavirus in Tokyo and three neighboring prefectures, while they viewed the decision as inevitable due to resurging infections.
A monthlong state of emergency planned by the Japanese government to contain a resurgence of novel coronavirus infections is expected to knock trillions of yen off private consumption, with some economists predicting the economy will return to contraction. (Japan Times)
Japan’s likely decision to declare a state of emergency in the Tokyo area will most probably trigger a contraction in January-March, analysts say, adding to the headache for policymakers struggling to cushion the blow to the economy from the pandemic. (Reuters)
The balance of money circulating in Japan’s economy hit a record high for the ninth consecutive month in December, data showed on Tuesday, as the central bank continued to flood the economy with cash to cushion the blow from the COVID-19 pandemic. (Reuters)
Sales at major department stores in Japan during New Year's fell sharply as the coronavirus pandemic intensified. Managers downsized their sales campaigns, including "lucky bag" offerings, during the seasonal shopping period.
Ramen chain store operators Gift and Maruchiyo Yamaokaya have managed to keep 2020 sales at roughly the same level as a year ago, even as the COVID-19 pandemic hammered the industry, by adapting quickly to the deteriorating business environment, company leaders said. (Nikkei)
Japan's economy is expected to make its sharpest rebound in decades this year, with consumption set to pick up toward the end of 2021 as the impact of the coronavirus pandemic on the broader economy eases. (Kyodo)
Tokyo stocks are likely to climb in 2021 with progress in global COVID-19 vaccinations helping to improve the business climate and Japan's accommodative monetary policies remaining in place. (Japan Times)
Wasabi is a crucial ingredient in Japanese sushi. It is known as ‘green gold’ in Japan. But even in Japan, authentic wasabi is hard to find. It is difficult to grow, consequently expensive to buy. (The Hindu)
FamilyMart Co. President Takashi Sawada has said the convenience store operator will increase the number of its outlets with Amazon Hub parcel lockers sevenfold, to about 350, by the fiscal year through February 2022. (Japan Times)
Japan's unemployment rate improved to 2.9% in November, dropping for the first time in five months in a sign that the impact of the novel coronavirus pandemic on the labor market is easing, government data showed Friday. (Japan Times)