Japan faces higher risk of job losses while new hiring slows – Gulf Today

Japan faces higher risk of job losses while new hiring slows – Gulf Today

Japan may see new hirings slow and job losses increase, particularly among service-sector firms struggling to cope with the intensifying pain of the coronavirus crisis, according to an analysis of survey data by a private think-tank.. The analysis, using a technic known as "text mining", showed that the word "job" was frequently used in combination with the word "adjustment".. The economy-watchers survey, released last week, showed service sector sentiment hit a record low in March, as the coronavirus crisis prompted travel bans and hurt consumption in a major shock to the economy.. Stocks of companies that have postponed their earnings announcements due to the pandemic came under pressure.. The industrial robot producer forecast an operating profit of four billion yen for the March-May period, even though some analysts had projected an operating loss for the quarter..