Lockdowns overseas and renewed concerns over the virus at home already appear to be impacting activity in Japan’s economy, according to PMI data released Friday.
For Yoshiaki Nohara's latest contributions to The Japan Times, see below:
Economists see gross domestic product jumping at an annualized pace of 18.9% in the three months through September, helped by improved trade with the United States and China.
The figures come ahead of a meeting next week in which the Bank of Japan will give its latest inflation forecasts.
The latest figures suggest more business operators have become unable to maintain their workforce after the virus dented consumption.
Slow response due to small government and lack of digitalization has seen some companies go out of business.
Factor in those on partially paid leave and the 2.6 percent rate hits 11.5 percent. Then there's the 940,000 who left the labor force in April but weren't counted.
Lee Jong-chul, a 57-year-old truck driver who lives just south of Seoul, says it took little more than a minute to access his 400,000 won ($330) cash handout from the South Korean government earlier this month. For 2.8 million Korean households it didn’t take any ...
Prime Minister Abe’s team is working on steps to save jobs and spark a v-shaped recovery, but is money all it takes?
A canceled or postponed Olympics would likely result in Japan's economy shrinking for the longest stretch since the global financial crisis, according to some economists. Ahead of the arrival of the still-flickering Olympic flame on Friday, economists contacted by Bloomberg said a scrapped or delayed ...
The nation's economy is less likely to suffer a painful whiplash from a sales tax increase scheduled for October, early sales figures for autos and apartments suggest. Demand for cars and houses hasn't picked up noticeably in the run-up to the 2 percentage point tax ...