Business / Economy Apr 11, 2021
Over 700 Japanese dining establishments failed in 2020 amid pandemic
The numbers of failed eateries dropped 36% and 56.3% in January and February respectively, followed by a 2.6% decline in March.
Business / Corporate Apr 1, 2021
How Masayoshi Son’s ‘money guy’ Lex Greensill went from hero to zero
by Giles Turner, Lucca De Paoli and Pavel Alpeyev
Greensill Capital was a key part of what Son dubbed his "Cluster of No. 1’s” strategy, taking noncontrolling stakes in the world’s leading tech companies and encouraging them to cooperate.
Business / Corporate Jan 13, 2021
Japan's 2020 corporate bankruptcies fall to 31-year low with government aid
The drop reflects the impact of the government's measures, including interest-free loans without collateral that helped small and medium-sized companies.
Business Jan 13, 2021
Nagano Prefecture, home to many spa and ski resorts, saw the most hotel closures with 12, followed by Tokyo with 11.
National Jan 7, 2021
Kitchen equipment piles up as pandemic shutters Japan's restaurants
by Akira Tomoshige and Hideto Sakai
With businesses closing, recycling shops are buying up equipment to repair, clean and resell.
Business Jan 6, 2021
Business failures may surge in Japan with emergency virus declaration
According to Tokyo Shoko Research Ltd., around 100 companies have gone bust each month since September.
Business Dec 12, 2020
Bankruptcies in Japan's restaurant industry to hit all-time high in 2020
According to a survey, bankruptcies of companies with debts of at least ¥10 million from January to November stood at 792, an increase of 8% compared with the same period last year.
Business / Corporate Nov 3, 2020
Japanese apparel maker Renown to enter liquidation as virus hits sales
Japanese apparel maker Renown Inc., which had sought court protection to revive its century-old business, will go into liquidation amid plunging sales due to the novel coronavirus pandemic, its lawyers said Monday. The Tokyo District Court last Friday decided to discontinue court protection after a ...
Business / Corporate Nov 2, 2020
These are the airlines teetering on the brink of COVID-19 ruin
by Anurag Kotoky and Angus Whitley
Having a home government with deep — and open — pockets is emerging as key in terms of whether an airline will make it through the coronavirus pandemic. Carriers in jurisdictions where there is scant support from up high are most likely to go bust, ...
