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Business trends

Japan CEOs accept state of emergency, but brace for tough losses

Nikkei poll shows two-thirds expect sales drop, while 20% fear long shutdown

People walk near Nagoya Station on Jan. 8. Japan's latest COVID-19 state of emergency began in the Tokyo are buy has since expanded to other regions. (Photo by Koji Uema)

TOKYO -- Two-thirds of chiefs at major Japanese companies expect revenue to fall during the country's widening coronavirus state of emergency as economic activity slows in the biggest cities, a Nikkei survey shows.

A major year-on-year decline in sales during the emergency period is anticipated by 21% of respondents, after Japan's recent declaration covering Tokyo and other regions. Another 45% predict a smaller drop in revenue.

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