Toyota and Honda to ramp up China plants to make up lost output

Toyota and Honda to ramp up China plants to make up lost output

TOKYO — Japanese auto companies will accelerate production in China from May as the country recovers from the coronavirus pandemic earlier than other parts of the world. The carmakers are moving to pump up output to position themselves as they see the massive...
In pictures: Japan’s Golden Week paused by pandemic

In pictures: Japan’s Golden Week paused by pandemic

OSAKA — The ubiquitous crowds and traffic of Japan’s Golden Week holidays have all but disappeared this year. With the government declaring a nationwide state of emergency to combat the coronavirus outbreak, sightseeing destinations, train stations and...
Pandemic opens the door to a new fintech era in Asia

Pandemic opens the door to a new fintech era in Asia

SINGAPORE — When the ax fell on Lehman Brothers in 2008, an equity derivatives trader for the U.S. institution became one of many people disillusioned with traditional banking. Seven years later, Nikolay Storonsky launched Revolut, now one of the best-funded...
Japan GDP to shrink 22% in Q2 in biggest postwar drop: forecast

Japan GDP to shrink 22% in Q2 in biggest postwar drop: forecast

TOKYO — Japan’s economy is expected to contract by an annualized 21.7% during the April-June quarter, its worst showing since the end of World War II, as the coronavirus crisis sends business and consumer activity into an unprecedented stall, a Nikkei...