Japan and Vietnam ink first maritime patrol ship deal as South China Sea row heats up It is paired with Workers' Accident Compensation Insurance (労働者災害補償保険, rousai hoken) and referred to collectively as Labour insurance (労働保険, roudou hoken). Due to the pandemic, the government has raised that to 100 percent, depending on each case, though with an upper daily limit of ¥8,330.But Prime Minister Shinzo Abe said the government is looking to substantially increase that amount, possibly to ¥15,000 per day — a move Tamura said is necessary.“If the maximum amount is ¥8,330, companies still shoulder heavy financial burdens,” so they might cut jobs, he said.Tamura also pointed out that the complicated application procedure also makes some companies hesitant to take advantage of the system, so the government needs to simplify the process.Since the early stages of the COVID-19 crisis, The Japan Times has been providing free access to crucial news on contributing to changes in Japan’s unemployment rate. Unemployment rates. TOKYO, July 31 (Reuters) - Japan’s jobless rate fell while the availability of jobs declined in June, government data showed on Friday. Sorry, but your browser needs Javascript to use this site. But this time, economists say hundreds of thousands of jobs — possibly even over a million — are at stake in the service sector due to the nature of the pandemic, which is restricting personal contact.“Compared to what happened during the Lehman Brothers-led crisis, (COVID-19) is seriously hurting nonmanufacturing industries’ revenues,” said Munehisa Tamura, researcher at Daiwa Institute of Research, referring to the disease caused by the virus.Nonmanufacturers actually absorbed some of job losses in manufacturing back then, but there aren’t a lot of industries that can cushion the blow this time, he explained.Japan’s unemployment rate in March climbed 0.1 point from the previous month to a one-year high of 2.5 percent, though this remains one of the lowest readings in more than 20 years.Internal affairs minister Sanae Takaichi, whose ministry oversees the labor survey, told reporters on April 28 that COVID-19 had started affecting jobs, with part-time and temporary workers down 260,000 compared with March 2019.Yet economists say the real impact will be more visible from this point on because economic activity has been constrained considerably since the state of emergency was initially declared in early April.According to an estimate by the Daiwa Institute of Research, even if the virus slows through June, the country will see job losses approach 1 million overall this year, not including the self-employed. But one thing is certain; quite a lot of jobs will be lost,” he said.To mitigate the fallout, the government drafted a ¥117 trillion ($1.1 trillion) relief package last month that included stronger employment-adjustment subsidies, a tax moratorium and financial aid for struggling companies and sole proprietors.Tamura of the Daiwa Institute said the budget for the employment subsidies is larger than the one for the financial crisis, meaning it will help companies protect jobs.Under regular circumstances, the subsidy covers 66 percent of the salaries that small and midsize firms pay workers who are on temporary leave. If you're not sure how to activate it, please refer to this site: In 2019, unemployment rate for Japan was 2.4 %. Episode 60: Japan's foreign residents are trapped — Part 2 The results of the analysis provide the following explanations for Japan’s rising unemployment rate since 1991. Re-entry ban horror stories pile up in Japan's Indian community Unemployment insurance (雇用保険, koyou hoken), also known as 失業保険 (shitsugyou hoken) is the "user pays" system of unemployment benefits that operates in Japan. The coronavirus is strangling the nation’s labor market, which just months ago was in desperate need of manpower, and may end up leaving a gaping scar.Although the government was set to lift the state of emergency in most of the 47 prefectures on Thursday, some economists say Japan will need to brace for massive job losses this year that could surpass those from the 2008 financial crisis.The crisis, which caused the collapse of storied investment bank Lehman Brothers among others, created havoc in Japan’s manufacturing industry.
Japan and Vietnam ink first maritime patrol ship deal as South China Sea row heats up It is paired with Workers' Accident Compensation Insurance (労働者災害補償保険, rousai hoken) and referred to collectively as Labour insurance (労働保険, roudou hoken). Due to the pandemic, the government has raised that to 100 percent, depending on each case, though with an upper daily limit of ¥8,330.But Prime Minister Shinzo Abe said the government is looking to substantially increase that amount, possibly to ¥15,000 per day — a move Tamura said is necessary.“If the maximum amount is ¥8,330, companies still shoulder heavy financial burdens,” so they might cut jobs, he said.Tamura also pointed out that the complicated application procedure also makes some companies hesitant to take advantage of the system, so the government needs to simplify the process.Since the early stages of the COVID-19 crisis, The Japan Times has been providing free access to crucial news on contributing to changes in Japan’s unemployment rate. Unemployment rates. TOKYO, July 31 (Reuters) - Japan’s jobless rate fell while the availability of jobs declined in June, government data showed on Friday. Sorry, but your browser needs Javascript to use this site. But this time, economists say hundreds of thousands of jobs — possibly even over a million — are at stake in the service sector due to the nature of the pandemic, which is restricting personal contact.“Compared to what happened during the Lehman Brothers-led crisis, (COVID-19) is seriously hurting nonmanufacturing industries’ revenues,” said Munehisa Tamura, researcher at Daiwa Institute of Research, referring to the disease caused by the virus.Nonmanufacturers actually absorbed some of job losses in manufacturing back then, but there aren’t a lot of industries that can cushion the blow this time, he explained.Japan’s unemployment rate in March climbed 0.1 point from the previous month to a one-year high of 2.5 percent, though this remains one of the lowest readings in more than 20 years.Internal affairs minister Sanae Takaichi, whose ministry oversees the labor survey, told reporters on April 28 that COVID-19 had started affecting jobs, with part-time and temporary workers down 260,000 compared with March 2019.Yet economists say the real impact will be more visible from this point on because economic activity has been constrained considerably since the state of emergency was initially declared in early April.According to an estimate by the Daiwa Institute of Research, even if the virus slows through June, the country will see job losses approach 1 million overall this year, not including the self-employed. But one thing is certain; quite a lot of jobs will be lost,” he said.To mitigate the fallout, the government drafted a ¥117 trillion ($1.1 trillion) relief package last month that included stronger employment-adjustment subsidies, a tax moratorium and financial aid for struggling companies and sole proprietors.Tamura of the Daiwa Institute said the budget for the employment subsidies is larger than the one for the financial crisis, meaning it will help companies protect jobs.Under regular circumstances, the subsidy covers 66 percent of the salaries that small and midsize firms pay workers who are on temporary leave. If you're not sure how to activate it, please refer to this site: In 2019, unemployment rate for Japan was 2.4 %. Episode 60: Japan's foreign residents are trapped — Part 2 The results of the analysis provide the following explanations for Japan’s rising unemployment rate since 1991. Re-entry ban horror stories pile up in Japan's Indian community Unemployment insurance (雇用保険, koyou hoken), also known as 失業保険 (shitsugyou hoken) is the "user pays" system of unemployment benefits that operates in Japan. The coronavirus is strangling the nation’s labor market, which just months ago was in desperate need of manpower, and may end up leaving a gaping scar.Although the government was set to lift the state of emergency in most of the 47 prefectures on Thursday, some economists say Japan will need to brace for massive job losses this year that could surpass those from the 2008 financial crisis.The crisis, which caused the collapse of storied investment bank Lehman Brothers among others, created havoc in Japan’s manufacturing industry.