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JAL Cuts Profit Forecast More Than 40%

  • Category:Other
JAPAN TODAY
 
TOKYO - Japanese Airlines on Wednesday slashed its forecast for annual net profits by 43 percent because of the coronavirus, making it the latest carrier to fly into virus-related turbulence as global tourism plummets.
With COVID-19 hammering both domestic and international routes, ...

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Japan, IOC Jostle Over Who Will Pay Billions To Delay 2020 Olympics Over Coronavirus

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NPR
 
The Olympics won't be happening this summer, and a clash between the Tokyo organizers and the International Olympic Committee over who will shoulder the costs of postponing the games is heating up.
Competition was slated to start in July, but last month IOC and Japanese officials agreed to ...

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Japan Cabinet Oks Reworked Extra Budget For $1.1 Tril. Virus Package

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KYODO NEWS
 
Japan's Cabinet on Monday approved a reworked fiscal 2020 supplementary budget to finance universal cash handouts, expanding the size of a record economic package plan to 117.1 trillion yen ($1.1 trillion) aimed at cushioning the fallout from the coronavirus pandemic.
In a rare move,...

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Japan Trade Surplus Dives 99% In March As Coronavirus Hits Exports

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JAKARTA POST
 
Japan's trade surplus dived 99 percent in March from a year earlier as coronavirus woes hit exports to its major trading partners, official data showed Monday.
The March surplus came in at 4.9 billion yen ($45.5 million), less than one percent of the year-before figure of 517 billi...

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Japan Is Giving Its Citizens $930 Of Free Money, Joining The US In Handing Out Stimulus Checks During The Coronavirus Pandemic

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BUSINESS INSIDER
 Japan’s Prime Minister Shinzo Abe said on Friday he intends to hand out 100,000 yen ($930) to each citizen, in place of a previous sanction meant to cover households impacted by the outbreak.Japan expanded its state of emergency on Friday beyond its main population centres, incl...

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Japan IPO Cancellations Hit Record This Month On Coronavirus

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ECONOMICS TIMES
 
Investors who had planned to buy new offerings might opt for existing start-up shares instead.
TOKYO: Fourteen Japanese companies have scrapped plans for initial public offerings (IPO) this month, more than in the aftermath of the Sept 2001 attacks on the United States, as the c...

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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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Osaka, Fukuoka, Chiba Make Requests For Businesses To Close Amid Emergency

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THE JAPAN NEWS
 
Business suspension requests took effect Tuesday in Chiba, Osaka and Fukuoka prefectures as measures against the spread of the new coronavirus.
The requests apply to commercial facilities that handle nonessential goods and entertainment facilities, urging them to close through Ma...

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Japan Stocks Jump More Than 3%; China’s Dollar-Denominated Exports Fall Less Than Expected

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CNBC
 
Key PointsStocks in Asia rose on Tuesday.Shares of Japanese conglomerate Softbank Group recovered from an earlier drop to to close 5.24% higher.China’s dollar-denominated exports declined 6.6% year-on-year in March, Reuters reported Tuesday citing customs data. Still, that was better than ...

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Outbreak Pushes Japan Shoppers To Finally Buy Things Online

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THE STAR
 
NOW that Japan’s government is urging consumers and businesses to step up efforts to contain the coronavirus outbreak, shoppers may finally have no excuse but to embrace e-commerce and wean themselves from brick-and-mortar stores.
Prime Minister Shinzo Abe declared a state of emergency...

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