Over 40 percent of Japan's hospitals cutting bonuses as pandemic bites
Japan Times -- Nov 27
Over 40 percent of medical institutions in Japan lowered their year-end bonuses for nurses and other staff members due to the effects of the pandemic, a survey by the Japan Federation of Medical Worker’s Unions has shown.

That figure compares to over 30% for summer bonuses, according to the organization made up of some 170,000 people working at hospitals and clinics throughout the country.

“The situation is clearly deteriorating,” said Susumu Morita, general secretary of the federation.

The bonus cuts are mainly due to patients avoiding regular visits to the doctor or refusing to be hospitalized out of fear of catching the coronavirus, according to the federation.

Earlier this month, it asked labor unions at medical institutions throughout the country to take part in the survey. It received answers from 298 unions by Wednesday.

News source: Japan Times
Jan 15
Toyota will pay $180 million to settle U.S. government allegations that it failed to report and fix pollution control defects in its vehicles for a decade. (Japan Todayj)
Jan 15
Japan’s wholesale prices fell 2.0% in December from a year earlier on sliding fuel costs, data showed on Thursday, a sign that the hit to demand from the coronavirus pandemic is weighing on the world’s third-largest economy. (Reuters)
Jan 15
Fast Retailing Co.’s lineup of functional and casual attire continued to lure value-conscious shoppers whose preferences are changing in the midst of the COVID-19 pandemic, helping to push the Uniqlo operator’s first-quarter earnings close to an all-time high. (Japan Times)
Jan 14
Tokyo's benchmark stock index continued its rise on Thursday, buoyed by better-than-expected figures for machinery orders across Japan. The gains propelled the Nikkei Average to a fresh 30-year high. (NHK)
Jan 14
Following moves by its rivals, KDDI Corp. said Wednesday it will roll out new cut-price smartphone plans, further intensifying competition among mobile phone carriers under intense pressure from the government. (Japan Times)
Jan 14
Panasonic aims to make cobalt-free batteries available for Tesla's electric vehicles in two to three years, as the Japanese electronics manufacturer tries to keep pace with the U.S. automaker's ambitious mission to bring EVs into the mainstream quickly. (Nikkei)
Jan 14
Japan’s currency in circulation and bank deposits rose at a record pace in December, data showed on Wednesday, as a resurgence in coronavirus infections prompted companies and households to continue hoarding cash rather than spending it. (Reuters)
Jan 14
Elon Musk’s tweets have been known to drive big stock moves in everything from his own giant automaker Tesla Inc. to a tiny medical device firm that shared the name of his preferred messaging app. (Bloomberg)
Jan 13
Tokyo's benchmark stock index continues to be on a tear, hitting a 30 year-record high again on Wednesday. Semiconductor-related shares continued to climb as investors bet they'll be well-placed to weather the pandemic. (NHK)
Jan 13
A former employee of SoftBank Corp was arrested Tuesday for illegally taking information from the major Japanese wireless carrier on its ultrafast 5G technology before moving to a smaller rival company, police said. (Japan Today)
Jan 13
Amid high electricity demand due to unseasonably cold weather and tight liquefied natural gas supply, Japan is scrambling to prevent a national blackout by calling on power companies to generate more and the public to use less. (Nikkei)
Jan 13
A former SoftBank Corp. employee has been arrested on suspicion of illegally disclosing 5G trade secrets to his new employer, Rakuten Mobile Inc., as it was preparing to launch its own mobile network. (Japan Times)
Jan 11
Japan is considering extending a state of emergency from the Tokyo metropolitan area to other regions as novel coronavirus cases increase but that could raise the risk of a double-dip recession for the world's third-largest economy. (Japan Today)
Jan 11
Japan’s imports of spaghetti, which is easy to cook, hit a record high in 2020, apparently due to people refraining from going out amid the novel coronavirus crisis. (Japan Times)
Jan 08
Over 80,000 people have been dismissed or seen their employment contracts terminated rather than renewed in Japan for reasons related to the COVID-19 pandemic since it began, the labor ministry said Thursday. (Japan Times)
Jan 08
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. (Kyodo)
Jan 08
Honda Motor will reduce vehicle production due to a supply crunch in semiconductors, Nikkei has learned, a sign that a pandemic-spurred global shortage is threatening the auto industry. (Nikkei)
Jan 08
A Japanese credit research firm says the number of pubs and restaurants going bankrupt last year hit a record high due to the pandemic. (NHK)
Jan 07
Investors in Tokyo snapped up stocks on Thursday on hopes for additional stimulus measures in the US. An overnight rally in New York also supported the rise. (NHK)
Jan 06
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)