TOKYO Japan sharply downgraded its gross domestic product forecasts for this fiscal year, expecting the world's third-largest economy to suffer its biggest contraction in over two decades amid the fallout of the coronavirus pandemic.
TOKYO Japan's government expects the economy will contract this year as activity slowly recovers from the coronavirus crisis, with a return to growth seen next year, four government sources told Reuters.
TOKYO Japan's core consumer prices snapped two straight months of declines in June but risks remain for a prolonged economic slump from the coronavirus crisis, which has depressed consumption and raised concerns about a return to deflation.
TOKYO Authorities will conduct coronavirus testing in Tokyo's nightlife districts, where infections have surged again, and are urging nightclub hosts and hostess to follow advice on safely interacting with customers, officials said on Friday.
TOKYO Japan's economy will shrink at the fastest pace in decades in the year through March 2021, forcing the government to compile another stimulus package to cushion the blow from the coronavirus pandemic, a Reuters poll showed on Friday.
TOKYO The coronavirus crisis has prompted Japan to ease regulations on remote medical treatment, creating an opening for tech companies and offering a glimpse of the future of healthcare in the world's most rapidly ageing society.
TOKYO Japan's service sector sentiment jumped at a record pace in June as businesses re-opened after lockdown measures were lifted in late May, data showed on Wednesday, offering hope that the economy's coronavirus-induced slump has bottomed out.