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Economy

Coronavirus hits hiring in Japan's crucial manufacturing sector

Toyota, Honda and Nippon Steel are cutting back on hiring or furloughing workers

Toyota has stopped recruiting periodic workers at all of its domestic factories.   © Kyodo

The spread of the new coronavirus has begun to affect employment in Japan's critical manufacturing sector and is likely to put significant downward pressure on the economy.

Toyota Motor and Honda Motor have completely suspended new hiring of employees working for fixed periods, Nikkei has learned. Separately, Nippon Steel for the first time in 10 years will temporarily furlough workers.

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