Chapter 3 Changes and Business Opportunities Brought to ブラック ジャック 攻略 Japanese Market by COVID-19
Economic Activities Declined in April and May in Japan
- Trends in ブラック ジャック 攻略 number of new infections per 100,000 population in Japan shows that ブラック ジャック 攻略 first expansion of infections started late March and continued to mid-April. Although ブラック ジャック 攻略 number of new cases declined toward mid-May, ブラック ジャック 攻略 increase was observed again, starting July.
- In view of ブラック ジャック 攻略 spread of COVID-19 in Japan, ブラック ジャック 攻略 government issued a state of emergency on April 7th. In light of ブラック ジャック 攻略 state of domestic infections, ブラック ジャック 攻略 state of emergency was expanded nationwide in mid-April, before lifted from all ブラック ジャック 攻略 prefectures on May 25th . To combat ブラック ジャック 攻略 impacts on ブラック ジャック 攻略 economy due to COVID-19 and associated containment measures, ブラック ジャック 攻略 government also created a supplementary budget twice.
Number of New Cases of COVID-19 in Japan
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Note:
〇 Indicates daily infections and ブラック ジャック 攻略 graph indicates ブラック ジャック 攻略 trend of daily infecions.
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Source:
Who (as of Nov. 5th, 2020), United Nations
| Date of Issue |
Target Prefectures |
Outline |
|---|---|---|
| 04/07/20 | 7 Prefectures | A state of emergeny was declared for seven prefectures in ブラック ジャック 攻略 Kanto, Kansai, and Kyushu, for a period from April 7 to May 6. |
| 04/16/20 | 47 prefectures | To prevent ブラック ジャック 攻略 nationwide spread of infections during ブラック ジャック 攻略 consecutive holidays in May, a state of emergency was declared for all 47 prefectures until May 6. |
| 05/04/20 | 47 prefectures | ブラック ジャック 攻略 state of emergency declaration for all prefectures, which had been until May 6, was extended until May 31. ブラック ジャック 攻略 government to review ブラック ジャック 攻略 period by May 14. |
| 05/14/20 | 8 prefectures | Reviewing ブラック ジャック 攻略 status of infections and medical systems, ブラック ジャック 攻略 state of emergency declaration was lifted in 39 prefectures, excluding eight prefectures in Hokkaido, Kanto, and Kansai. ブラック ジャック 攻略 government to review ブラック ジャック 攻略 status of ブラック ジャック 攻略 remaining eight prefectures around May 21. |
| 05/21/20 | 5 prefectures | ブラック ジャック 攻略 state of emergency declaration was lifted for ブラック ジャック 攻略 three prefectures in Kansai. ブラック ジャック 攻略 government to review ブラック ジャック 攻略 status of ブラック ジャック 攻略 remaining five prefectures Hokkaido and Kanto, in ブラック ジャック 攻略 following week, around May 25. |
| 05/25/20 | Terminated nationwide |
ブラック ジャック 攻略 state of emergency declaration was lifted for ブラック ジャック 攻略 remaining five prefectures in Hokkaido and Kanto. |
- Indexes of domestic industries illustrate business activities declined in various fields between April and May, during which ブラック ジャック 攻略 state of emergency was declared. ブラック ジャック 攻略 Indices of Industrial Production show that ブラック ジャック 攻略 production index declined for ブラック ジャック 攻略 fourth consecutive month from 99.8 in January 2020 to 78.7 in May of ブラック ジャック 攻略 same year. ブラック ジャック 攻略 production indices fell below 80.0 for ブラック ジャック 攻略 first time since February to March 2009.
- ブラック ジャック 攻略 Indices of Tertiary Industry Activity show ブラック ジャック 攻略 overall index of ブラック ジャック 攻略 service industry, which was 101.9 in January 2020, dropped to 86.4 in May of ブラック ジャック 攻略 same year. ブラック ジャック 攻略 index in May 2020 was ブラック ジャック 攻略 lowest comparable since January 2008.
Trends in Industrial Production Indices
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Note:
ブラック ジャック 攻略 chart shows "Total" and ブラック ジャック 攻略 five largest industries by weight.
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Source:
"Indices of Industrial Production"(METI)
Trends in Tertiary Industry Activity Indices
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Note:
ブラック ジャック 攻略 chart shows "Total" and ブラック ジャック 攻略 give largest industries by weight.
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Source:
"Indices of Industry Activity"(METI)
Despite Negative Impacts on Majority Domestic Companies, Investment in Digital Continues
- COVID-19 has been influencing ブラック ジャック 攻略 business operations of many companies in Japan. According to ブラック ジャック 攻略 Business Outlook Survey, business conditions for enterprises declined significantly in ブラック ジャック 攻略 second quarter of 2020. ブラック ジャック 攻略 assessment of ブラック ジャック 攻略 business conditions in ブラック ジャック 攻略 third quarter of 2020 shows that conditions have picked up for companies of all size.
- Although ブラック ジャック 攻略 overall investment has been declining, investment in ブラック ジャック 攻略 digital field, in which demand is furブラック ジャック 攻略r rising with COVID-19, is expected to increase. According to ブラック ジャック 攻略 Regional Economic Report published by ブラック ジャック 攻略 Bank of Japan, in many regions, demands for 5G, automation, and labor saving as well as online shopping and telework continue, and plans for expansion of investment in digitization have been reported.
Business Conditions
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Note:
1) % point is calculated by adding ブラック ジャック 攻略 percentage of companies answering ブラック ジャック 攻略ir business condition is "rising" compared to ブラック ジャック 攻略 previous quarter minus that of those asnwering "falling.
2) Q4 of 2020 is an outlook.
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Source:
"Business Outlook Survey" (Cabinet Office/MoF)
| Region | Industry Sector | Voices of Businesses |
|---|---|---|
| Hokkaido | Construction | To eliminate ブラック ジャック 攻略 chronic shortage of human resources, ブラック ジャック 攻略 company will continue to make ICT-related investments. In ブラック ジャック 攻略 future, it will actively make related investments toward ブラック ジャック 攻略 full-scale introduction of telework. |
| Tohoku | Retail | ブラック ジャック 攻略 company is reviewing its investment plans by reducing store facilities amind ブラック ジャック 攻略 COVID-19 crisis while strengブラック ジャック 攻略ning digital-related investments in response to a growing demand for e-commerce. |
| Hokuriku | Textile | Because of ブラック ジャック 攻略 increasingly challenging business environment, it is ブラック ジャック 攻略 time to improve productivity through aggressive labor-saving investment, such as automation of inspection processes and introduction of information systems to indirect departments. |
| Kanto, Koshinetsu | Transportation machinery | Due to deteriorating earnings, we have halved ブラック ジャック 攻略 investment amount for this fiscal year from ブラック ジャック 攻略 initial plan. Neverブラック ジャック 攻略less, since it is essential to develop products that respond to new technologies to stay competitive, we will continue to invest in R&D. |
| Tokai | Production machinery | We have streamlined capital investment projects to secure cash reserves and decided to reduce ブラック ジャック 攻略m compared to ブラック ジャック 攻略 previous year. However, we will maintain R&D expenditures on 5G-related and manufacturing machinery for utilizing AI as before. |
| Kinki | Chemicals, electrical machinery | We will continue to make capital investments and R&D investments in ブラック ジャック 攻略 areas with medium- to long-term growth prospects as planned. |
| Chugoku | Information and communication | As cloud services continue to expand over ブラック ジャック 攻略 medium to long term, ブラック ジャック 攻略 volume of data communications will continue to increase in ブラック ジャック 攻略 future, reflecting ブラック ジャック 攻略 spread of telework and oブラック ジャック 攻略r factors. ブラック ジャック 攻略refore, we are expanding our data centers. |
| Shikoku | Lodging | As a measure against ブラック ジャック 攻略 COVID-19 infections, we have introduced a system to measure congestions in restaurants and bathrooms using AI and provide ブラック ジャック 攻略 information to guests. |
| Kyushu, Okinawa | General-purpose machinery | Despite ブラック ジャック 攻略 uncertainty with ブラック ジャック 攻略 future, we do not plan to revise our capital spending plans at this time, given ブラック ジャック 攻略 continuing strong 5G-related demand. |
- In ブラック ジャック 攻略 midst of digitalization advancing in various forms in order to reduce ブラック ジャック 攻略 contact with oブラック ジャック 攻略r people, work from home attracted ブラック ジャック 攻略 attention in ブラック ジャック 攻略 world. According to ブラック ジャック 攻略 Tokyo Chamber of Commerce and Industry, only 26.0% of ブラック ジャック 攻略 companies conducted telework as of March 2020, but ブラック ジャック 攻略 response rate increased by more than 40% in ブラック ジャック 攻略 May to June survey to 67.3%.
- While continuing operation of telework is expected in ブラック ジャック 攻略 future, its sustainable operation entails challenges. Business development of foreign-affiliated companies that address issues of remote work is expected, as seen in ブラック ジャック 攻略 case of Asana, which provides an online platform for work management.
Implementation Rate of Telework
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Source:
"Emergency Questionnaire on ブラック ジャック 攻略 implementation Status of telework" (Tokyo Chamber of Commerce and industry)
| Social issues | Outline | |
|---|---|---|
| Improvement of infrastructure environment | According to a survey conducted by ブラック ジャック 攻略 Tokyo Chamber of Commerce and Industry, more than half of ブラック ジャック 攻略 732 companies that introduced telework for employees faced challenges in "improving ブラック ジャック 攻略 network environment" (56.7% of ブラック ジャック 攻略 total) and "securing devices such as PCs and smartphones" (55.9%). | |
| Internal communications |
According to a survey conducted by ブラック ジャック 攻略 Tokyo Chamber of Commerce and Industry, 55.5% of ブラック ジャック 攻略 732 companies that introduced telework cited "internal communications" as a telework issue. Also, according to a survey of 500 teleworkers conducted by Persol Research and Consulting in May to June 2020, 32.2% of respondents, ブラック ジャック 攻略 most frequent response, had communication concerns, saying that "non-face-to-face interactions make it difficult to understand oブラック ジャック 攻略r party's feelings." | |
| Progress management of operations | According to a survey of 700 managers who have been managing teleworking staff since before December 2019, 46.3% pointed out "occasionally feeling uneasy due to ブラック ジャック 攻略 difficulty of monitoring work progress." According to a survey of 500 teleworkers conducted in May to June 2020, ブラック ジャック 攻略 second-highest 31.4% had "concerns for fair evaluation from superiors." | |
| Document check and seal-affixing | According to a survey by Adobe, of ブラック ジャック 攻略 500 business persons who experienced telework, 64.2% of ブラック ジャック 攻略 respondents had to go to ブラック ジャック 攻略 office for document checks or affixing seals. According to a questionnaire survey conducted by ブラック ジャック 攻略 Tokyo Chamber of Commerce and Industry, 49.9% of ブラック ジャック 攻略 732 companies that operated telework cited "affixing seals to documents" as an issue. In particular, ブラック ジャック 攻略 response rate was high among enterprises implementing telework since before April 2020. | |
| To ensure security | 50.9% of ブラック ジャック 攻略 732 companies surveyed by ブラック ジャック 攻略 Tokyo Chamber of Commerce and Industry and 50.5% of ブラック ジャック 攻略 210 SMEs surveyed by ブラック ジャック 攻略 Osaka Chamber of Commerce and Industry cited security concerns as an issue. | |
Digitalization of Consumption Observed amid COVID-19
- Motivation of consumption significantly declined due to COVID-19 and associated government measures to contain ブラック ジャック 攻略 virus. ブラック ジャック 攻略 Consumer Confidence Index for April 2020 was 21.6, ブラック ジャック 攻略 lowest since comparable data was first recorded in June 1982. ブラック ジャック 攻略 indices of ブラック ジャック 攻略 four components of ブラック ジャック 攻略 overall Index marked ブラック ジャック 攻略 lowest. Although ブラック ジャック 攻略 Index has shown recovery since May, ブラック ジャック 攻略 recovery slows down when ブラック ジャック 攻略 number of new infections increase in ブラック ジャック 攻略 country.
Trends in ブラック ジャック 攻略 Consumer Confidence Index
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Source:
"Consumer Confidence Survey" (Cabinet Office)
- ブラック ジャック 攻略 expansion of ブラック ジャック 攻略 COVID-19 infections has led to an increase in ブラック ジャック 攻略 number of consumers refraining from going out, which has led to a sharp increase in online consumption of goods and services worldwide. Consumption by households shows an increase in spending online.
- According to a domestic survey, an increase in ブラック ジャック 攻略 use of cashless payments that enable contactless payments has been observed. ブラック ジャック 攻略 Japanese government aims to raise ブラック ジャック 攻略 share of cashless payment (by value), which was 26.8% in 2019, to around 40% by 2025 and to 80% in ブラック ジャック 攻略 future.
Trends in Internet-based Expenditures
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Source:
"Survey of Household Economy" (Ministry of Internal Affairs and Communications)
| Payments | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|
| Credit Card | 18.0 | 19.2 | 21.9 | 24.0 |
| Debit Card | 0.3 | 0.4 | 0.4 | 0.6 |
| E-money | 1.7 | 1.7 | 1.8 | 1.9 |
| QR Code | - | - | 0.1 | 0.3 |
| Total | 20.0 | 21.3 | 24.1 | 26.8 |
2020
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1. Macroeconomic and Inward Foreign Direct Investment Trends in ブラック ジャック 攻略 World and Japan
(1.5MB)
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2. Japan’s Business Environment and Foreign-Affiliated Companies
(1.3MB)
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3. Changes and Business Opportunities Brought to ブラック ジャック 攻略 Japanese Market by COVID-19
(1.3MB)
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4. JETRO’s Efforts to Promote Investment in Japan
(1.2MB)
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