TOKYO, April 13 — Japan may see new hirings slow and job losses increase, particularly among service-sector firms struggling to cope with the intensifying pain of the coronavirus crisis, according to an analysis of survey data by a private think-tank. Dai-ichi Life Research Institute conducted...
A worker is seen near a factory in Keihin industrial zone in Kawasaki May 31, 2011. — Reuters pic
The analysis, using a technic known as “text mining”, showed that the word “job” was frequently used in combination with the word “adjustment”. Words like “subsidies” and “consulting for help” were also used in tandem with the term “jobs” as frequently as when the 2008 collapse of Lehman Brothers triggered a global financial crisis, the institute said.
The economy-watchers survey, released last week, showed service sector sentiment hit a record low in March, as the coronavirus crisis prompted travel bans and hurt consumption in a major shock to the economy.Job creation has been touted by Prime Minister Shinzo Abe as one of the key successes of his “Abenomics” stimulus policies deployed in 2012.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan PM criticised as tone deaf after lounge-at-home Twitter video | Malay MailTOKYO, April 12 — Japanese Prime Minister Shinzo Abe today prompted an angry response from some Twitter users after sharing a video of himself lounging on a sofa with his dog, drinking tea and reading, along with a message telling people to stay at home. “Who do you think you are?” became a...
Read more »
Women fight for a place at the table as sushi chefs in Japan | Malay MailTOKYO, April 13 — Women have warm hands, their periods alter their sense of taste and they can't work long hours — just some of the claims from those in Japan who believe women can't be sushi chefs. But a growing number of women in the country determined to shatter those myths are training and...
Read more »
Japan TV show ‘Terrace House’ halts production over coronavirus | Malay MailTOKYO, April 13 — Fans of Japanese reality TV show Terrace House will have to find new ways to pass the time in self-isolation after staff said on its Twitter account that production of the latest season on Netflix was being halted due to the coronavirus outbreak. “We are suspending the current...
Read more »
Banish ‘self-centredness’, pope tells the world as it faces coronavirus | Malay MailVATICAN CITY, April 12 — Pope Francis called today for global solidarity in fighting the coronavirus pandemic and its economic fallout, urging the relaxation of international sanctions, debt relief for poor nations and ceasefires in all conflicts. He also warned the European Union that it risked...
Read more »
Cycling faces economic ‘meltdown’ if Tour de France cancelled | Malay MailPARIS, April 13 — The Tour de France is not only a French monument, but also the economic heartbeat of professional cycling itself and analysts fear heavy consequences if the coronavirus crisis forces its cancellation. An announcement is expected this week on either a postponement or an outright...
Read more »
Sabah extends suspension of activities in mosques, suraus to April 28 | Malay MailKOTA KINABALU, April 13 — Sabah has extended the suspension of all activities in mosques and suraus across the state to April 28. Sabah Mufti Datuk Bungsu Aziz Jaafar said this was in line with the Federal government’s decision to extend the movement control order (MCO) to April 28 to curb the...
Read more »