Search result for Economy of Japan
BANKRUPTCIES IN JAPAN LIKELY TO RISE IN 2020
Highlights
- It is being forecasted that such cases may exceed 10,000 this year
- It is the highest since 2013
In 2020, companies in Japan declaring bankruptcy will likely climb to the most in seven years. It further put...
MONTHLY ECONOMIC REPORT: JAPANESE ECONOMY WORSENS RAPIDLY IN AN EXTREMELY SEVERE SITUATION
Highlights
- Exports were revised downward for the second straight month
- Employment situation was revised downward for the third straight month
On Thursday, the government released its monthly economic report for May. It described the ...
JAPAN COMPILES A NEW STIMULUS PACKAGE TO STOP PUSHING THE ECONOMY DEEPER INTO RECESSION
Highlights
- The stimulus package is worth 117.1 trillion yen ($1.1 trillion)
- It includes significant direct spending to deal with coronavirus pandemic
A budget draft seen by Reuters showed on Wednesday that Japan will compile a new 11...
JAPAN RELEASES PHASED ROAD MAP TO REOPEN ECONOMY, EXPANDS ENTRY BAN TO VISITORS
Highlights
- Japan plans to fully reopen the economy by August
- The entry ban is part of border control steps to contain the virus spread
On Monday, Japan released a phased road map for reopening the economy after the government fully l...
THE JAPANESE GOVERNMENT ENDS THE NATIONWIDE STATE OF EMERGENCY TO BOOST THE ECONOMY
Highlights
- Prime Minister Shinzo Abe says that reviving the economy is the top priority
- The government will decide on a second extra budget to help people and businesses reeling from the pandemic
On Monday, the Japan...
JAPAN ECONOMY ENTERS RECESSION, WORST AWAITS
Highlights
- Private consumption fell by 0.7%.
- Exports shrank 6%.
In the first quarter, Japan’s economic growth plunged into recession. The corona virus pandemic squelched production, exports, and spe...