TOKYO - It might have survived the bombings of World War II and the shock of the 2008 financial crisis, but a 152-year-old bento shop on the outskirts of Tokyo's Ginza district could not withstand the fallout from the coronavirus pandemic and has shuttered its doors for good.. Read more at straitstimes.com.
TOKYO - It might have survived the bombings of World War II and the shock of the 2008 financial crisis, but a 152-year-old bento shop on the outskirts of Tokyo's Ginza district could not withstand the fallout from the coronavirus pandemic and has shuttered its doors for good.
Data from business consultancy Teikoku Databank shows that as of Wednesday , 142 firms have declared bankruptcy due to the pandemic. The list includes 53 hotels and inns, and 41 firms in the food and beverage, and services sector. The tourism sector is suffering - figures show just 1,256 visitors to Japan last month. Major conglomerates also reported steep drops in earning reports this week, including Toyota, the largest Japanese firm by market capitalisation, which expects operating profit to fall almost 80 per cent this financial year.
The number of new infections has fallen from a peak of 700 to about 100 a day. There were 31 new cases as at 6pm on Friday, bringing the total tally to 16,234. Tokyo registered just nine new cases - the first time there are fewer than 10 infections since March 22.
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