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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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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

  • Category:Other
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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Japan Vows 'Bold' Step To Beat Covid-19 Fallout, Signals Big Spending Package

  • Category:Other
THE STRAITS TIMES
 
TOKYO (REUTERS) - Japan must take "bold and unprecedented" steps to beat the economic fallout from the coronavirus, its economy minister said, suggesting large-scale fiscal stimulus is in the works, as the government tries to fend off a recession.
Any spending package would ad...

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Military Might: Japan’s Expanding Needs Open Market To U.S. Defense Business

  • Category:Other
JAPAN TODAY
 
TOKYO- While media sometimes paint a picture of uneasy defense relations between the United States and Japan—U.S. President Donald Trump wants Tokyo to quadruple what it pays for hosting U.S. forces—on an industry level, it is a healthy time for bilateral ties.
Regional tensions and...

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