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COVID-19 PANDEMIC LED TO THE INCREASE IN THE NUMBER OF LARGE BANKRUPTCIES IN JAPAN

The number of large Japanese corporations forced to file for bankruptcy has significantly increased between January and April 2021. Such data are ... ... agency then stated that the number of small businesses with debts of less than 10 million yen, which went bankrupt due to the pandemic, increased by 23%. This was due to the action of government support measures provided to the small and medium-sized businesses....

Stray cats saved Japanese restaurant from bankruptcy

An unusual ‘cat cafe’ appeared in Japan as a result of compassion for homeless animals, shown by the owner of a small restaurant in Osaka. A railroad-themed catering establishment that had been successfully operating before the pandemic, began to collapse. Its owner Naoki Teraoka began to consider liquidation of his business as financial aid from the state dwindled. But then a case intervened in the life of the owner in the face of a sickly kitten, wandering near the restaurant....

COVID-19 drove itself to extinction in Japan

Coronavirus has literally disappeared in Japan. The fifth wave of the pandemic, during which the incredibly infectious delta strain spread en masse across the country, turned out to be decisive. By mutating, the virus simply destroyed itself, but it is too early to talk about the victory over the pandemic. At the end ...

THE OLYMPIC GAMES DID NO GOOD: A WAVE OF BANKRUPTCIES COVERED HOTELS OF JAPAN

... Japan Today. The media outlet cites data from the Tokyo Shoko Research agency’s research, according to which 57.3% more hotels went bankrupt last year than in 2019. Out of the 188 hotels that filed for bankruptcy, 55 companies named losses caused by the pandemic as the cause of the financial collapse. According to the Japan Travel Agency, the demand in Tokyo's luxury hotels (The Okura, Prince Park Tower) is still supported by IOC representatives who have come from abroad and are able to pay for their accommodation during the Olympics. The same cannot be said about ...

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