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Tokyo Olympics Won’t Provide Much Economic Growth For Japan

  • Category:Event
AP NEWS
 
TOKYO (AP) — IOC member John Coates, who oversees planning for next year’s Tokyo Olympics, has claimed the postponed games could help “kick start” Japan’s economy.
Japan has been devastated like many countries by the coronavirus pandemic and could be in a recession when the Olympics are...

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Japan's GDP Projected To Shrink Annualized 11% In April-June

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KYODO NEWS
 
Japan's economy in the April-June period is projected to shrink an annualized real 11.08 percent from the previous quarter, marking the third consecutive quarter of contraction and the largest drop in over 11 years due to the coronavirus pandemic, according to a survey released Thurs...

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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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Japanese Firms Struggle To Restart China Factories Amid COVID-19 Outbreak

  • Category:Event
JAPAN TIMES
 
Japanese manufacturers in China are facing challenges getting restarted after the extended Lunar New Year holiday because of restrictions on the movement of people and goods caused by COVID-19.
Mazda Motor Corp. planned to resume operations at a plant in Nanjing Wednesday but postpo...

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Nissan To Shut Japan Factory Due To Shortage Of Chinese Parts

  • Category:Event
BBC
 
Nissan is the latest car maker to temporarily shut one of its factories as it can't get parts from China.
The firm will halt production for two days at a plant in Japan which makes the Serena and X-Trail models.
Global car brands are facing similar disruptions as much of China's manufacturi...

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Japan Railway Glitch Halts Credit Card Ticket Purchases Nationwide

  • Category:Event
KYODO NEWS
 
TOKYO - Railway firms including East Japan Railway Co. and West Japan Railway Co. experienced a technical glitch with their ticketing system Monday morning that temporarily prevented credit card purchases, their ticketing system management company said.
Cash purchases and Central Jap...

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British Businesses Go For Gold In Japan

  • Category:Event
GOV.UK
 
With the Tokyo 2020 Olympics on the horizon, latest figures show that UK annual exports to Japan total nearly £15 billion.
It is six months to go until the Tokyo 2020 Olympics and the demand for British goods and services among Japanese consumers is soaring, having grown by 32% in the la...

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Japanese Companies Prepare To Profit From Olympic Games

  • Category:Event
JAPAN TIMES
 
Businesses in Japan are gearing up to take the opportunity of the 2020 Olympics and Paralympics this summer to boost their presence and expand sales.
One factor that may be vital to making the events a success is combatting the sweltering heat. Amid fears of another scorching summer...

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Japan Unveils $120 Billion Fiscal Boost To Fight External Risks, Post-Olympics Slump

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THE GUARDIAN
 
TOKYO (Reuters) - Japan unveiled a $120 billion fiscal package on Thursday to support stalling growth in the world's third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics.
Prime Minister Shinzo Abe announced the 13 tri...

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Panasonic To Team Up With IBM Japan In Improving Semiconductor Manufacturing Processes

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FINANCIAL POST
 
OSAKA, Japan — On October 15, 2019, IBM Japan, Ltd. and Panasonic Corporation’s subsidiary, Panasonic Smart Factory Solutions Co., Ltd. (hereafter “Panasonic”), announced that the companies have agreed to collaborate to develop and market a new high-value-added system to optimize...

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