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Japan Counts The Many Costs Of The Delayed Olympics

  • Category:Event
BUSINESS LIVE
 
The bill for a one-year postponement is expected to be $6bn, and the disruption is like a ‘kick in the guts’
Tokyo — Japan’s Olympic delay has upended years of careful planning by organisers and spawned costly headaches for small businesses, hotels and even pro baseball teams, com...

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Stormy Year Ahead For Japan's Tourism Industry

  • Category:Tourism
JAPAN TODAY
 
TOKYO - Now that the Tokyo Olympics and Paralympics are postponed until next year, concerns are growing about whether small and midsize businesses in the tourism and service industries can weather the coronavirus shockwave until the events are held next year, economists and analysts...

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200,000 Consultations Provided To Virus-Hit Businesses

  • Category:Other
JAPAN TIMES
 
Financial institutions in Japan provided 212,000 financing consultations between Feb. 1 and March 19 to businesses affected by the novel coronavirus outbreak, it was learned Thursday.
In 5,800 cases, lenders agreed to change the terms of loans at the request of struggling borrower c...

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Fujitsu Creates Business Integration Company To Focus On Japan

  • Category:Other
ZD NET
 
Fujitsu announced on Thursday it was creating a new business integration company that would focus on its domestic market, which will begin operating from July.
The new business, as yet unnamed, will push cloud-first systems, and is made up of existing Fujitsu divisions that look after lo...

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In Japan, Hotels Lose Out On Olympic Bet As Coronavirus Spreads

  • Category:Stay
JOURNAL PIONEER
 
The Osaka Corona Hotel in western Japan has been eerily quiet and empty the past few weeks.
"Our name is extremely regrettable," Kohei Fujii, the hotel's sales director, said with a sigh as he sat in an empty cafe in the lobby. A sign advertising discounted bottles of Corona bee...

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Japan Stocks Jump More Than 6% As Fed Ramps Up Stimulus Measures; Softbank Surges Almost 19%

  • Category:Other
CNBC
 
Key PointsJapanese shares led gains among major Asia markets as the Nikkei 225 jumped 6.41% in morning trade.Shares of Japanese index heavyweights Fast Retailing and Softbank Group soared 10.99% and 18.83%, respectively.The U.S. Federal Reserve announced an open-ended asset purchase progra...

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ANA Negotiating Paid Leave For 5,000 Flight Attendants

  • Category:Other
JAPAN TODAY
 
TOKYO - All Nippon Airways (ANA) is negotiating with its labor union about temporarily suspending work for around 5,000 flight attendants.
ANA has already decided to cut 2,630 international flights from March 29 to April 24 and has also announced cuts to its domestic schedule due to...

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Masayoshi Son’s Empire Wobbles As Virus Hits Debt Load

  • Category:Other
JAPAN TIMES
 
Investors are growing increasingly skittish about the stability of Masayoshi Son’s empire.
Son’s SoftBank Group Corp., one of Japan’s most indebted companies, had been chipping away in recent years at concerns about its ability to carry that burden. As the founder remade the telecom...

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Chinese Visitors To Japan Plunge 88% In February On Virus Outbreak

  • Category:Other
THE JAPAN NEWS
 
 
The number of foreign visitors to Japan plunged 58.3% year-on-year in February to 1,085,100, falling for the fifth consecutive month, the Japan National Tourism Organization said Thursday. It was the largest drop in eight years and 10 months, since the 62.5% drop in April 2011 ...

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Honda Will Halt All North American Production For Six Days

  • Category:Other
THE JAPAN NEWS
 
Honda Motor Co. said Wednesday it is temporarily halting production in North America for six days because of the anticipated decline in auto sales due to the coronavirus outbreak and will reduce production by about 40,000 vehicles.
The Japanese automaker will suspend production b...

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