Japan’s service sector activity contracted
The Covid resurgence gave a blow to the Japan’s economy. Hence, Japan’s services sector activity contracted at the fastest pace in over a year. Activity and new business inflows shrank at the fastest pace since May last year. The final au Jibun Bank Japan Services Purchasing Managers’ Index (PMI) plummeted to a seasonally adjusted 42.9 from July’s […]
BOJ’s Kuroda signals readiness to extend pandemic-aid scheme
Governor Haruhiko Kuroda said that the Bank of Japan will consider extending its pandemic-relief programme beyond September deadline if necessary. This is because the country struggles with a spike in covid infections that is crippling the economy. He also said that the world’s third-largest economy remains on a path toward recovery. This is because robust […]
Japan’s jobless rate seen up, Tokyo CPI far below BOJ’s inflation goal
Japan’s unemployment rate probably inched up in April, in the latest sign of a slight deterioration in the job market as the pandemic hits the labour-intensive service sector. Other data is expected to show the Tokyo-area consumer price index (CPI) fell again in May as cuts in mobile phone fees by major carriers added to […]
SONY expects profit to slip after pandemic boom
Japan’s Sony Corp said that it is expecting its operating income to slip 4.3% this business year. This is a result of record profit from sales of music, games and other content to people. And these are all due to the pandemic situation significantly. Previously Sony was well fledged only in consumer electronics. But this increased […]
Abenomics- Pass or fail?
Chief Cabinet Secretary Yoshihide Suga was officially confirmed as Japan’s new prime minister on the 16th of September 2020. This confirmed the end of Shinzo Abe’s near eight-year reign which was a sudden halt three weeks earlier to his resignation announcement on the grounds of health reasons. Abe’s departure marks the end of his second […]
Nippon Life Insurance targets in low income Asians
Nippon life insurance of Japan is looking forward to boost its overseas business activities in the upcoming years. And as a result of it, its planning to target low income Asians with its micro insurance products. As per this new plan, 35000 policies are to be issued in the next five years along with its […]