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Japan's Business Mood Hits Seven-Year Low As Virus Revives Deflation Spectre

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YAHOO FINANCE
 
TOKYO (Reuters) - Japan's business confidence soured to levels not seen since 2013, a closely watched survey showed, as the coronavirus pandemic hit sectors from hotels to carmakers and pushed the economy closer to recession.
The worsening corporate morale underscores the challeng...

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200,000 Consultations Provided To Virus-Hit Businesses

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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

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

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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

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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

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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

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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

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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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Japan Has A Remarkably Low Number Of Coronavirus Cases That Experts Worry May Lead To A 'False Sense Of Security'

  • Category:Other
BUSINESS INSIDER
 
As of Thursday, Japan has 924 cases and 29 deaths from COVID-19. With over 81,000 cases in China and over 8,500 cases in South Korea, experts wonder if Japan has kept the virus contained or just hasn't testedenough of its population.
"The Japan conundrum is just the fact that i...

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Bank Of Japan Ploughs Deeper Into Stocks To Ease Coronavirus Fears

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FINANCIAL TIMES
 
The Bank of Japan took its controversial equity-buying programme deeper into uncharted territory on Monday, doubling its annual purchasing target to ¥12tn ($112bn) while also rolling out a new lending facility, in an attempt to match the shock value of the US Federal Reserve’s i...

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