Majority of Japan CEOs say recovery won't happen for 2 years

Nikkei survey says businesses move to trim back office space as telework takes root

Japanese business leaders are not expecting a quick bounce-back from the economic damage from the pandemic. © Reuters

EIKI HAYASHI, Nikkei staff writer

July 21, 2020 04:38 JST

TOKYO -- The majority of Japanese companies CEOs expect the economy to take at least two years to recover from the fallout of the coronavirus, according to a Nikkei survey, pointing to a grim prognosis as the global pandemic shows no signs of abating.