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Japan Household Spending Drops 11.1 Percent In April

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JAKARTA POST
 
Japan's household spending slumped again in April, falling 11.1 percent from a year earlier, government data showed Friday, as the world's third-largest economy struggled with the impact of the coronavirus pandemic.
The figure released by the internal affairs ministry was largely i...

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New Uniqlo Flagship Soon To Open In Tokyo’s Ginza Area

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THE JAPAN NEWS
 
Fast Retailing Co. will open Uniqlo Tokyo, one of the largest domestic stores for that brand, on June 19, the company has announced.
The store had been scheduled to open on May 15, but preparations were delayed due to the declaration of a state of emergency to curb the spread of ...

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Japan Airlines Eyes Halving Summer Bonuses Due To Coronavirus

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JAPAN TIMES
 
Japan Airlines Co. plans to halve bonuses for its employees this summer due to sharp deterioration in business over the spread of the new coronavirus, according to sources familiar with the issue.
The airline operator has informed employees about the plan and intends to secure a lab...

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Japan May Soon Allow Business Visits From Thailand

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BANGKOK POST
 
TOKYO: Business trips from Thailand and three other countries could be the first step to be negotiated as Japan plans to ease its entry ban, a Japanese government source said on Monday.
Infections have subsided in Thailand, Vietnam, Australia and New Zealand, which have strong busi...

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Govt Wants Japan To Join China-Backed High-Speed Rail Project

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THE JAKARTA POST
 
INDONESIA - The government is considering including Japan in Kereta Cepat Indonesia China (KCIC), an Indonesia-China consortium to develop the Jakarta-Bandung high-speed railway, as Indonesia seeks to expedite and expand the national strategic project, a senior minister has sai...

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Japan’s Low Unemployment Rate Conceals Deeper Labour Market Pain

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MALAY MAIL
 
TOKYO, May 29 — Japan’s labour market in April appeared to be weathering a severe slowdown in economic activity due to the coronavirus pandemic, but a closer look at official data released today revealed a less rosy picture.
Japan’s jobless rate rose to 2.6 per cent in April from 2.5...

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Rebooting Japan's Movie Business, One Theater At A Time

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JAPAN TIMES
 
After being shuttered for more than a month, movie theaters in Tokyo are set to start reopening.
On May 22, Tokyo Gov. Yuriko Koike outlined a road map for easing social distancing measures and business closures in the capital in three stages. Cinemas will start reopening in the sec...

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Familymart To Reduce Business Hours At 5% Of Stores

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THE JAPAN NEWS
 
Major Japanese convenience store operator FamilyMart Co. announced Monday that 787 of its 14,600 affiliated stores nationwide — roughly 5% — will implement shorter business hours beginning June 1.
Of those stores, nearly 70%, or 514, operate on a truncated schedule every day, whi...

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Japan Aims To Revive Virus-Hit Tourism Industry By Footing Bill

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KYODO NEWS
 
The Japanese government is looking to revive the tourism industry, a key driver of the economy that has been battered by the novel coronavirus pandemic, by paying for people to go on vacation in the country.
Under its Go To Travel initiative, the government will provide subsidies wor...

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Japan Eyeing Second Extra Budget Worth Over $929 Billion: Nikkei

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THE CHRONICLES HERALD
 
TOKYO (Reuters) - Japan is considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic, the Nikkei newspaper said on Monday.
The package, to be funded by a second extra budg...

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