• Reuters

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Nearly half of Japan’s companies have no immediate plans in place to help counter the impact of the coronavirus pandemic, although a third of those surveyed indicated they were looking to improve productivity to cushion the blow.

The survey suggests a long path to recovery. The world’s third-largest economy is expected to shrink at its fastest pace in decades this fiscal year, with economic activity not seen returning to pre-pandemic levels for another 2 to 3 years, analysts have said.

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