Local News

77% of Kyushu and Okinawa Companies Suffered Reduced Income in May

On June 23, the Fukuoka Branch of Tokyo Shoko Research released the findings of a survey on the economic impact of the spread of the new coronavirus. According to that, as much as 77.2% of responded companies suffered reduced income in May, compared to the same month in 2019. The worst figure in the past four months also reflected the loss of business opportunities during the Golden Week holidays. The survey was conducted between May 28 ~ June 9 and responded by 1,518 groups. Meanwhile, the Japan Department Store Association revealed a 68% decrease in the net sales of four Fukuoka-city based department stores in May. Source: TSR

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Disclaimer: Fukuoka Now posts summaries of Kyushu area related news for the benefit of those who cannot read Japanese. Contents posted here are mostly summaries of publicly posted news stories from Japanese media organizations. Errors might occur during translation. Those errors are ours, and not the source’s. Photos and images are sourced separately and are for illustrative purposes only. Please use this form to send feedback and questions.

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Kyushu
Published: Jun 24, 2020 / Last Updated: Jun 25, 2020

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