The pandemic has tipped the Japanese economy into recession.Output fell by 3.4 per cent between January and March as severe disruption to supply chains caused exports to plummet at their fastest pace ... ( read original story ...)
Japan Officially Slides Into Recession – and the Worst Is Yet to Come
Even with a partial lifting of restrictions on economic activity in recent days, other major economies are expected to join Japan in recession in the current quarter as households limit spending to ... ( read original story ...)
Japan to Put off Bid to Raise Prosecutors’ Retirement Age After Backlash
NHK public broadcaster said the decision to put off the bid to raise the retirement age was made in a meeting between Prime Minister Shinzo Abe and Toshihiro Nikai, secretary gene ... ( read original story ...)
Japan’s economy falls into recession as virus takes its toll
Last week, Germany slipped into recession as more major economies face the impact of sustained lockdowns. Japan didn't go into full national lockdown but issued a state of emergency in April severely ... ( read original story ...)
Coronavirus live news: India extends lockdown as Japan falls into recession
Daily death tolls fall in UK, Spain and Italy; South Africa reports highest daily increase; global infections pass 4.7 million. Follow the latest updates ... ( read original story ...)
Alibaba’s Jack Ma Quits Board of Japan’s Struggling SoftBank
Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. ( read original story ...)
Japan’s Q2 GDP could drop by 10% quarter on quarter: Credit Suisse Securities
GDP is expected to drop by 10% quarter on quarter this year, with its fiscal stimulus response likely to peak in July, says Hiromichi Shirakawa, chief economist for Japan at Credit Suisse Securities ... ( read original story ...)
Global report: US unemployment could hit 25%, warns Fed chairman, as Japan enters recession
India extends Covid-19 lockdown but eases many restrictions; South Africa reports highest daily new cases; World Health Assembly to begin ... ( read original story ...)
Mitsubishi Electric Begins Demonstrating Local 5G System in Japan
Mitsubishi Electric Corporation (TOKYO: 6503) today announced that its Nagoya Works in Nagoya, Aichi Prefecture has begun a demonstration test of a local 5G system, which Japan’s Ministry of Internal ... ( read original story ...)
BLACKPINK Announce New Singles This Summer, Full Album For September
BLACKPINK will make their highly anticipated return to the music scene with a multi-pronged approach that strays from the usual K-pop model. ( read original story ...)
Japan’s economy slips into recession amid coronavirus woes
Last week, Germany slipped into recession as more major economies face the impact of sustained lockdowns. Japan didn't go into full national lockdown but issued a state of emergency in April severely ... ( read original story ...)
Japan’s growth drops amid pandemic, worse times likely ahead
Japan's economic growth plunged into recession in the first quarter as the coronavirus pandemic squelched production, exports and spending, and fears are growing worse times may ... ( read original story ...)
Garuda to refocus on cargo while ending London and Nagoya flights
Garuda Indonesia intends to give air freight a greater emphasis this year, targeting a 10% rise in cargo revenue, and will end its flights to London and Nagoya. In an investor presentation on its full ... ( read original story ...)
Japan slips into recession, worst yet to come as pandemic wreaks havoc
Japan's economy slipped into recession for the first time in 4-1/2 years, GDP data showed on Monday, putting the nation on course for its deepest postwar slump as the coronavirus crisis takes a heavy ... ( read original story ...)
Japan Falls Into Recession, and Worse Lies Ahead
Despite signs of success in fighting the coronavirus, the world’s third-largest economy will struggle for months to come as it tries to reopen for business. ( read original story ...)
Japan’s Economy Fell Into Recession in First Quarter of 2020
The third-largest economy slipped into a recession by one common definition in the first quarter of 2020, with worse expected in the current quarter. ( read original story ...)