EconomyCoronavirus takes toll on Japan's small and mid-sized businesses
Pandemic triggers bankruptcies while analysts say Tokyo's measures not enough
The Luminous Kobe 2 cruising restaurant docked at Kobe port in western Japan. Owner Luminous Cruising Co. collapsed after the coronavirus outbreak led to mass cancellations. © Kyodo
RURIKA IMAHASHI, Nikkei staff writer
TOKYO -- Yuyado Hananoyu, a traditional hot spring ryokan in Shizuoka south of Tokyo, will have served its last customers by the end of this month, no thanks to the coronavirus outbreak. Like many small and mid-sized businesses in Japan, its income has been devastated by travel restrictions on Chinese tourists over the last two months.