Japanese companies are temporarily shutting offices or suspending production as they battle a record wave of COVID-19, disrupting businesses in a country that has until now weathered the pandemic better than most advanced economies. Automakers Toyota Motor Corp and Daihatsu Motor Co last week halted production line shifts because of…
Japan’s economy will suffer a much bigger contraction than initially expected in the January-March quarter, as an extended state of emergency to contain the coronavirus pandemic hurt corporate and household spending, an official survey found.
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TOKYO Japan’s economy will suffer a much bigger contraction than initially expected in the January-March quarter, as an extended state of emergency to contain the coronavirus pandemic hurt corporate and household spending, a Reuters poll found.
A firm majority of analysts said whether or not Tokyo proceeds with the Olympic Games this year would have little impact on the economy either way, as most big construction projects have already been completed and spectator numbers may be limited.
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