Falling household consumption and Olympics postponement drag on growth ... ( read original story ...)
Japan’s Economy Plunged A Record 27.8% In Second Quarter As Domestic Consumption, Exports Drop
The world’s third largest economy, has now delivered three consecutive quarters of GDP declines, its worst performance since 1955. ( read original story ...)
New bullet train project hits the buffers
When it enters service, the Maglev Chuo Shinkansen will be the world's fastest bullet train. A test run in 2015 already set a world record by clocking 603 kilometers per hour. It will link the three ... ( read original story ...)
Ainu group’s fishing lawsuit is first to seek confirmation of indigenous rights
A group representing the ethnic minority in northern Japan is seeking an exemption from a ban on the commercial fishing of salmon in rivers. ( read original story ...)
Japan PM Abe has left hospital in Tokyo: Jiji
Japanese Prime Minister Shinzo Abe has left hospital in Tokyo on Monday, the Jiji news agency reported, after his visit there stoked some concerns about his health. ( read original story ...)
Bay area’s ‘biggest property services firm’ Excellence Commercial said to seek up to U$400 million from Hong Kong IPO
Excellence Commercial Property, controlled by billionaire tycoon Li Hua, joins a wave of property management service providers including units of Sunac and China Evergrande in seeking a Hong Kong ... ( read original story ...)
Japan’s GDP Plunges 27.8%, Begging Question Who Should Get Fired?
Resigning Japan to yet another lost decade is in no one’s interest. The time to bring in a new team with vision and bravado was, frankly, yesterday. ( read original story ...)
Coronavirus: Japan’s economy shrinks at record levels
Japan’s economy has joined other developed ... its worst point yet and that a recovery was on the cards. At the time finance minister Taro Aso told parliament: "We've succeeded in putting ... ( read original story ...)
Japan’s leader goes to hospital, raising health concerns
Japanese Prime Minister Shinzo Abe went to a hospital on Monday for what Japanese media said was a regular health checkup, although the visit generated renewed worries about his health. Videos of Abe ... ( read original story ...)
Japan metals manufacturers see pick-up in demand from automakers after first-quarter plunge
Japanese manufacturers of metals, including steel and aluminium, saw their output plunge in the April-June quarter as automakers temporarily shut factories to curb the spread of the COVID-19 virus and ... ( read original story ...)
Japan’s GDP shrinks at record 27.8% in Q2 amid pandemic
Japan on Monday reported its greatest contraction on record, stating its gross domestic product shrank an annualised 27.8% in the second quarter of 2020 as economic activity slowed amid the ... ( read original story ...)
Japan suffers worst economic plunge in 40 years
Japan's economy saw the steepest decline on record in its second quarter -- as the global health crisis took a big bite out of consumption and exports. It's putting the country's policymakers under ... ( read original story ...)
Japan’s economy shrinks at record pace amid pandemic
Japan was hit by its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed consumption and exports, keeping policymakers under pressure for bolder action to ... ( read original story ...)
Japan’s GDP drop less severe than US and Europe
Second-quarter fall of 28% due to Covid-19 response is less than many western economies but worse than Taiwan and South Korea ... ( read original story ...)
Markets subdued after Japan’s GDP slumps and US-China trade talks postponed – business live
Global markets are subdued this morning, after Japan became the latest country to suffer a historic economic slump due to the Covid-19 pandemic. And with factory output weaker than hoped in June, the ... ( read original story ...)
Asian markets rise, though Nikkei sinks after Japan’s record contraction
Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. ( read original story ...)