BUSINESS – 6

May 09
Japan's household spending plunged in March and service-sector activity shrank at a record pace in April, reinforcing expectations that the coronavirus pandemic is tipping the world's third-largest economy into deep recession. (Japan Today)
May 08
The number of small and midsize businesses registered for a cashless payment program, introduced by the government to reduce the negative effects of a hike in the consumption tax last October, topped 1 million in mid-February. (Japan Times)
May 07
Japan's agricultural sector could soon be reeling from a glut of eggs and dairy products with the closure of schools and restaurants due to the coronavirus pandemic, while the country's largest food bank is paradoxically facing a shortage as the number of users surges. (Nikkei)
May 07
As recommendations to stay home and avoid going out continue in order to help stave off the spread of coronavirus, more and more people are eating at home and taking up hobbies like cooking and baking to pass the time. As a result, the demand for basic ingredients like flour has gone up as increasing numbers of home chefs are buying it to cook with, which has caused the stock of flour products in some supermarkets to run dry. (Japan Today)
May 07
The Japanese government is to call on companies in Tokyo and 12 prefectures that are on a special coronavirus alert to reduce by at least 70 percent the number of their employees traveling to work. (NHK)

May 07
McDonald's Japan is extending its halt on in-store dining until at least May 14 as the country grapples with the coronavirus pandemic. (NHK)
May 06
The Tokyo metropolitan government said Tuesday it will give more financial aid to small and medium-sized businesses in the capital that agree to its request to suspend operations until the end of this month in an effort to prevent the further spread of the new coronavirus. (Japan Today)
May 06
Bankruptcies due to the effects of the new coronavirus sharply increased in Japan in April, with the number reaching nearly 90, especially affecting small and medium-sized firms in the tourism and accommodation sectors, a recent survey showed. (Japan Today)
May 06
Japan's decision to extend its state of emergency through the end of this month will knock another 1 to 2 percentage points from economic growth this fiscal year, experts predict, as consumers stuck at home amid the coronavirus pandemic keep their wallets closed. (Nikkei)
May 05
The Japanese government's decision to extend the state of emergency over the coronavirus outbreak is putting further pressure on restaurants and other businesses in Japan. (NHK)

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