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Virus Crisis Prompting Industry Realignment in Japan

Virus Crisis Prompting Industry Realignment in Japan

   Tokyo, July 10 (Jiji Press)--Retailers and restaurant operators in Japan are accelerating mergers and acquisitions as they face an urgent need to strengthen earnings amid the spread of the new coronavirus.
   With the coronavirus outbreak triggering changes in people's lifestyles and consumer activities, a sense of crisis is growing among players in the retail and restaurant industries as they think they will not be able to survive with their existing business models, analysts said.

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AFP-JIJI PRESS NEWS JOURNAL


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