Japan’s small hotels and restaurants are struggling to make ends meet | Corona virus epidemic

The low cost of hotels and small restaurants indicates that many businesses are still suffering from the epidemic.

Japan’s small hotels and restaurants continue to suffer from the economic crisis caused by COVID-19 problem, research has shown that it undermines the central bank’s decision to address the humanitarian crisis.

The price tag between small and medium-sized hotels and restaurants hit 33 in the three months to December, according to a comprehensive study by the Bank of Japan’s (BOJ) Tankan Business Survey published Tuesday.

Although the calculation was better than the 46 cuts in a previous study, it showed that more and more companies considered cash to be risky compared to what they found to be the easiest.

The plight of small, labor-intensive enterprises reflects the growing disparity between companies that have been hit by the epidemic, and those who are still struggling due to the collapse.

Permission to evaluate the finances of multinational corporations and industries progressed in the three months to December, a Tankan research report released Monday revealed.

The results are some of the issues that the BOJ will review at this week’s meeting by deciding to recoup the emergency funds sent last year to address the financial crisis of the epidemic, which ends in March 2022.

The agency is relying on the reduction of BOJ companies’ purchases by commercial firms, but leaving out part of the regulatory framework for small companies, sources told Reuters news agency.

“The BOJ could end corporate purchases and paperwork. Due to the uncertainty over Omicron stocks, however, the central bank could put it in good shape and expand its portfolio beyond March,” said Takashi Miwa, an economist at Nomura Securities.