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)

Nikkei staff writers

January 16, 2021 06:24 JST

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.