TOKYO - For someone like Sumako Furihata, who owns two small restaurants in Tokyo's Akasaka nightlife district, the coronavirus pandemic has been a nightmare that crushed sales and put her in a difficult situation.
The pandemic has damaged an economy already on the brink of recession as social distancing policies prompted sectors such as transport, retail and tourism to temporarily scale down. Ugai, who predicts Japan's economy will contract 4.4 per cent this year, warns that prices for a range of goods will start falling around autumn.
Many suffered from the government's decision this month to declare a state of emergency for major population centres, including Tokyo, to combat the virus. The declaration urged citizens to stay at home, some facilities to shut down and restaurants to close early. There were some areas that were less affected, or even saw demand rise because of social distancing and work-from-home policies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo: Stocks open lower on worries over economy[TOKYO] Tokyo stocks opened lower on Thursday tracking falls on Wall Street following a trove of weak economic data and earnings reports that pointed to a severe US economic slowdown. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks open lower on stronger yen[TOKYO] Tokyo stocks opened lower on Wednesday after a sharp rise in the previous session, as a stronger yen against the dollar weighed on investor sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Japan's homeless 'net cafe refugees' seek shelter amid COVID-19 woeThousands of homeless 'net cafe refugees' in Japan risk being turfed out onto the streets as the coronavirus pandemic forces the sudden closure of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
California farmer destroys lettuce crop after coronavirus shutters restaurant marketHOLTVILLE, CALIFORNIA (REUTERS) - There should be tractors rumbling across Jack Vessey's ranch, pulling wagons full of fresh-cut romaine lettuce to be packed and shipped to restaurants and grocery stores across the United States.. Read more at straitstimes.com. Wasteful.
Source: The Straits Times - 🏆 8. / 63 Read more »
Moscow brings in COVID-19 travel permits, queues followMoscow introduced a travel permit system on Wednesday to help it police a lockdown meant to slow the spread of the novel coronavirus, a move that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan urges citizens to isolate as reports warn of 400,000 COVID-19 deathsJapan urged its citizens on Wednesday to stay home, as media reports warned that as many as 400,000 of them could die of the coronavirus without ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »