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Corporate Japan backs coronavirus emergency declaration

Business / Corporate Apr 8, 2020

Corporate Japan backs coronavirus emergency declaration

The Japanese business world is in full support behind Prime Minister Shinzo Abe's declaration of a state of emergency over the new coronavirus outbreak. "The government has made a big decision, and we take it seriously," Hiroaki Nakanishi, chairman of the Japan Business Federation, or ...

Japan firms to shut with emergency decree; 7-Elevens stay open

Business / Corporate Apr 7, 2020

Japan firms to shut with emergency decree; 7-Elevens stay open

Japanese companies prepared to close retail stores, restaurants, movie theaters and offices, while expanding work-from-home policies, after the government declared a state of emergency in major metropolitan areas. Isetan Mitsukoshi Holdings Ltd., Lumine Co. and Rakuten Inc. are closing stores, while Nintendo Co. said it ...

Business / Financial Markets Apr 7, 2020

Dollar falls below ¥109 in Tokyo trading

The dollar weakened below ¥109 in Tokyo on Tuesday due to receding safe-haven buying of the U.S. currency. At 5 p.m., the dollar stood at ¥108.87-88, down from ¥109.17-18 at the same time Monday. The euro was at $1.0877-0878, up from $1.0816-0816, and at ¥118.42-44, ...

Seafarers grounded in pandemic add to strain on supply chains

Business Apr 7, 2020

Seafarers grounded in pandemic add to strain on supply chains

Port restrictions and canceled flights are straining the ability for shipping firms to replace seafarers, further weakening global supply chains already snarled by the COVID-19 pandemic. Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global lockdowns have complicated travel from ...

Loft lifestyle store chain to make China debut in July

Business / Corporate Apr 7, 2020

Loft lifestyle store chain to make China debut in July

Japanese lifestyle specialty store operator The Loft Co. will debut in the Chinese market by opening its first directly owned overseas outlet in Shanghai possibly in July. The Loft signed a tenancy contract last Friday with the operator of the Metro City shopping mall in ...

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