TOKYO: Japan's businesses are pinning hopes on an inbound tourism recovery as the country resumed the process of accepting foreign tourists for the first time since suspending it more than two years ago due to the coronavirus pandemic.
Japan's businesses are pinning hopes on an inbound tourism recovery as the country resumed the process of accepting foreign tourists for the first time since suspending it more than two years ago due to the coronavirus pandemic. While the economic impact of easing border measures may not be so large…
How big is the impact of the Russian-Ukrainian crisis on the automobile industry? What is the cost of disrupting the global supply chain under the Russian-Ukrainian crisis? For Toyota, the figure is about $520-the world's largest carmaker's estimate of an increase in production costs per car! Compared with the previous fiscal year, seven Japanese passenger car manufacturers will face an increase in raw material costs of about 1.4 trillion yen ($11.5 billion) in the year to March, said Seiji Sugiura, an analyst at Tokyo Research Institute in the East China Sea.
November’s strong output gains suggest Japan’s economy may be back on a more steady recovery path after shrinking in five of the last eight quarters.