BUSINESS / Companies

Virus-hit economy has Japan's big firms cautious about hiring new grads

Fewer people than usual walk in Tokyo's Marunouchi business district on April 8 a day after Prime Minister Shinzo Abe declared a state of emergency in the capital and six other prefectures in response to a recent surge in coronavirus infections. | KYODO

KYODO

May 17, 2020

Large companies are cautious about hiring new graduates in the 2021 business year because the full impact of the coronavirus pandemic on the global economy remains unclear, a survey showed Saturday.

According to the Kyodo News survey of 111 companies, including Toyota Motor Corp. and Sony Corp., 29 firms, or 26 percent, said they are expected to cut back on hiring fresh graduates starting from April 2021, up from 16 percent in last year's hiring survey.

Only 10 firms, or 9 percent, said they are planning to increase hiring, down from 21 percent in the previous survey.

Virus-hit economy has Japan's big firms cautious about hiring new grads

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