ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Economic toll mounts as Japan extends state of emergency

Government weighs more aid to struggling businesses as consumers stay home

The coronavirus pandemic has forced many stores in Japan to shut down.   © Reuters

TOKYO -- Japan's decision to extend its state of emergency through the end of this month will knock another 1 to 2 percentage points from economic growth this fiscal year, experts predict, as consumers stuck at home amid the coronavirus pandemic keep their wallets closed.

A survey released last week by the Japan Foodservice Association underscores the dire straits faced by restaurants, with some seeing April sales shrinking to less than 10% the year-earlier level. Monthly revenue at five major department store operators declined 70% to 90% last month.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more