Among athletes and stakeholders of the Olympics, the virus positivity rate has been only 0.02% with over 400,000 tests conducted so far, organizers said on Sunday.
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Adding to the industry's woes, COVID-19 contributed to a 57% jump in hotel bankruptcies in 2020 to the highest level since 2011.
Economist Heizo Takenaka has joined ruling party members calling for more spending as Japan muddles through a fourth virus emergency and voters prepare to head to the polls by fall.
Under a new plan, ministries get ¥3 to spend on projects in targeted areas including the environment and digitalization for every yen they’re able to cut from other spending.
The drop in industrial production was several percentage points worse than even the most pessimistic forecast, as car production remained stunted by semiconductor shortages.
Prices in the capital excluding fresh food were unchanged from a year earlier, the internal affairs ministry reported Friday.
Consumer prices excluding fresh food ticked up 0.1% compared with a year earlier, lifted by a 20% jump in gas prices, officials reported. Economists had predicted flat prices overall.
Rintaro Tamaki, a former top bureaucrat at the ministry, says it should raise Japan’s already high gasoline tax and hike tariffs on imported fossil fuels.
The Tokyo Olympic Games are reaching the point of no return. With seven weeks until the opening ceremony, the Japanese government, the International Olympic Committee and major stakeholders are gambling political reputations and billions of dollars on staging a games that could lift global spirits ...
Ex-Finance Minister Jun Azumi highlighted that recent polls showed 70% of the public are against holding the Tokyo Games.