Scrapping the Tokyo Olympics would inflict further damage on a Japanese economy already teetering on the brink of a double-dip recession, according to economists.
Scrapping the Tokyo Olympics would inflict further damage on a Japanese economy already teetering on the brink of a double-dip recession, according to economists. While Prime Minister Yoshihide Suga insists the games will go ahead, he looks set to extend a virus emergency until the middle of June, barely a month before the Olympics are due to start. Analysts factoring in a longer emergency now see a larger chance of Japan suffering a second straight quarterly contraction. A last-minute ditching of the games on top of an extended emergency would inflict extra pain on the economy, slowing a hoped-for recovery in the summer and knocking back growth this year by as much as 1.7 percentage point, according to Bloomberg Economics’ Yuki Masujima.
Ditched Olympics could wipe out most of Japan s 2021 growth
Yoshiaki Nohara, Bloomberg News VIDEO SIGN OUT
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Scrapping the Tokyo Olympics would inflict further damage on a Japanese economy already teetering on the brink of a double-dip recession, according to economists.
While Prime Minister Yoshihide Suga insists the games will go ahead, he looks set to extend a virus emergency until the middle of June, barely a month before the Olympics are due to start. Analysts factoring in a longer emergency now see a larger chance of Japan suffering a second straight quarterly contraction.
04/30/2021 | Press release | Distributed by Public on 04/30/2021 01:55
Komatsu, NTT DOCOMO, Sony Semiconductor Solutions and Nomura Research Institute to Launch âEARTHBRAINâ âWill enhance construction industry safety, productivity and eco performanceâ
Apr. 30, 2021
TOKYO, JAPAN, April 30, 2021 - Komatsu Ltd., NTT DOCOMO, INC., Sony Semiconductor Solutions Corporation and Nomura Research Institute, Ltd. jointly announced today that they have agreed to launch a new company, named EARTHBRAIN Ltd., that will support digital transformation in the construction industry for dramatically improved safety, productivity and environmental performance.
Workstyle reforms are in high demand due to factors including an aging population and shrinking workforce in the Japanese construction industry and the presence of COVID-19 in construction sites worldwide. EARTHBRAIN will now tackle these challenges through digital transformation. The new company will evolve Komatsu s Smart
- Will enhance construction industry safety, productivity and eco performance -
TOKYO, Apr 30, 2021 - (JCN Newswire) - Komatsu Ltd., NTT DOCOMO, INC., Sony Semiconductor Solutions Corporation and Nomura Research Institute, Ltd. jointly announced today that they have agreed to launch a new company, named EARTHBRAIN Ltd., that will support digital transformation in the construction industry for dramatically improved safety, productivity and environmental performance.
Workstyle reforms are in high demand due to factors including an aging population and shrinking workforce in the Japanese construction industry and the presence of COVID-19 in construction sites worldwide. EARTHBRAIN will now tackle these challenges through digital transformation. The new company will evolve Komatsu s Smart Construction(1) solution and expand its services worldwide, including for all brands of construction equipment and vehicles operating at worksites. By combining the four companies expertise, know-h