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Business trends

Toyota wastes less time because of coronavirus, president reveals

Half as many documents to read and more direct conversations with global peers

Akio Toyoda, Toyota Motor's president, said the coronavirus pandemic is changing aspects of his daily workload.   © Reuters

TOKYO -- One of Japan's best-known business leaders has given frank insights into the benefits of working during the coronavirus pandemic, saying measures taken to fight the outbreak have sharply cut corporate bureaucracy and given him more time to talk to global peers.

Akio Toyoda, president of Toyota Motor, told reporters during the carmaker's annual earnings call this week how his company and his own work are being reshaped. Toyoda announced sharply lower annual profits -- but also revealed more unexpected numbers about his own "self-restraint" mode as a result of the outbreak.

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