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Opinion

Coronavirus gives Japan Inc push it needs for radical reform

Previous external shocks have not prompted long-lasting change

| Japan
Tokyo's Marunouchi central business district: Japan is facing a wave of transformation on an unimagined scale.   © VWPics/AP

Jochen Legewie is the Tokyo partner and Asia Chairman of strategic communications consultancy Kekst CNC.

The COVID-19 crisis will lead to a deep economic recession, in Japan as well as globally. Any other prediction would be naive. It will also spur global restructuring and business transformations far beyond replacing client meetings by video conferences, and I believe this change will be most profound in Japan.

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