Japan’s tourism industry hardest hit by Corona
TOKYO – Japan’s tourism industry was one of the hardest hit by the coronavirus pandemic, which disrupted travel plans and forced the postponement of the 2020 Tokyo Olympics. The number of foreign visitors to Japan plummeted from a record 31.8 … Continue reading Japan’s tourism industry hardest hit by Corona
Japan: Government strategy to fight loneliness
TOKYO — With the first uptick in suicides nationwide in 11 years amid pandemic-linked restrictions, Prime Minister Yoshihide Suga has created a cabinet post to alleviate social isolation. Older Japanese unaccustomed to communicating online have become more isolated from the … Continue reading Japan: Government strategy to fight loneliness
Resurgance of Japan’s domestic cruise market
Tokyo – Two Japanese ships have completed short cruises to nearby ports in recent weeks. Both were operated under limited capacity and strict new policies for passengers and crew to prevent the spread of Covid-19. Mitsui OSK Passenger Lines’ Nippon … Continue reading Resurgance of Japan’s domestic cruise market
Toyota, Honda: Bright outlook on Chinese market
TOKYO – Japan’s two biggest car manufacturers, Toyota Motor and Honda Motor more than doubled their operating profit forecasts, helped by recovering demand in China as it rebounds from the coronavirus pandemic. While China’s trade friction and worsening ties with the … Continue reading Toyota, Honda: Bright outlook on Chinese market
Japan: Carlyle Group to invest over 9.4 billion Dollars
eTOKYO – U.S. private-equity firm Carlyle Group plans to pour more than $9.4 billion into Japanese businesses over the next three to five years, anticipating new opportunities arising from the coronavirus pandemic. “Momentum toward reform at Japanese companies is picking … Continue reading Japan: Carlyle Group to invest over 9.4 billion Dollars
Japan wants domestic travel restraints
Tokyo – The Japanese government requests its citizens not to travel between areas where the coronavirus state of emergency is in place and other locations once the measure is partially lifted, Economic and Fiscal policy minister Yasutoshi Nishimura said today. … Continue reading Japan wants domestic travel restraints
Japan searching for local mask producers
TOKYO – With Japan unable to secure more than a fraction of the millions of N95 masks it will need to fight the coronavirus pandemic, the hunt is on for domestic suppliers that do not produce them in China. The … Continue reading Japan searching for local mask producers
Japan: SoftBank books loss of USD 16.7 billion
TOKYO – SoftBank Group expects to book a loss of $16.7 billion on its investments at its Vision Fund, the world’s largest vehicle for tech startups. The losses announced Monday in effect wipe out the gains that the nearly $100 billion … Continue reading Japan: SoftBank books loss of USD 16.7 billion
Japan wrangling over business restrictions
TOKYO – A battle is brewing between a local governor trying to close down all businesses to contain COVID-19 and a central government hoping to minimize the economic impact. Prime Minister Shinzo Abe and Tokyo Gov. Yuriko Koike are wrangling … Continue reading Japan wrangling over business restrictions
Japan declares state of emergency
Tokyo – Japan is to declare a state of emergency in Tokyo and six other prefectures as early as Tuesday in a bid to stop the coronavirus, Prime Minister Shinzo Abe said, with the government preparing a stimulus package to … Continue reading Japan declares state of emergency