Coronavirus-linked bankruptcies rise sharply in Japan

I’m in Kyoto now and it looks like a ghost town.

The only businesses that are thriving are the supermarkets.

Businesses have to fulfill a set criteria for aid, some of which are ludicrous such as taking a photo of a stated intention to close the business which has to be stuck on a part of the premises-ludicrous!

Endgame: The government and their corporate cronies are playing a social darwinist game. They do not want to provide relief to small businesses and hope they go bankrupt quickly and are acquired by large investors.

@dagon...do you have some evidence of this?

I have a small business and I was made aware of several programs now in effect by the government which would result in the ability to collect stimulus money. The requirements for this are to be able to demonstrate loss of revenue and also prove you are either allowing employees to work from home or you are not laying them off (firing them). The subsidy is fairly significant.

https://mainichi.jp/english/articles/20200427/p2g/00m/0bu/014000c .

Many reports of a substantial minority, if not a majority of small businesses , especially in more populated areas having difficulty applying for funds or finding them insufficient. 40% of businesses seems a lowball, early estimate.

The part about acquisitions by private equity firms is a continuing macroeconomic trend exacerbated by economic crises and big business bailouts.

""Private banks and regional financial institutions have also started emergency loan services at zero interest rates and without securities to companies worried about cash flow.""

Zero Interest loans are great, but why take out a loan while you are SINKING, it's like extending a noose for the log and painful drop.

I want to get information about how to rescue my business, but my city office is closed. I can only last a short time.

@kuri. I recently visited Kyoto. Station area was definitely a ghost town. Still some shops open. No Chana ever of catching the virus as people were 1-2 meters apart. Kamogamo river is best place to stroll and eat lunch.

The Western capitalists can't wait to buy those assets for cheap. Like what they are doing ryokans.

https://www.odysseycapital-group.com/press-releases/ojbhf1stclose/

The Western capitalists can't wait to buy those assets for cheap. Like what they are doing ryokans.

https://www.odysseycapital-group.com/press-releases/ojbhf1stclose/

They named their Kyoto Machiya buying project “Project Falcon” because “Project Vulture” would be too obvious I suppose.

@Tokyo-Engr.  "I have a small business and I was made aware of several programs now in effect by the government which would result in the ability to collect stimulus money. The requirements for this are to be able to demonstrate loss of revenue and also prove you are either allowing employees to work from home or you are not laying them off (firing them). The subsidy is fairly significant." When you actually get the money, please let us know. Nothing against you personally but I don't think the government will pay it out.

I'd hazard a guess and say that it's probably like the AirBnB thing where a bunch of smaller vendors could not jump through all the hoops like a lot of bigger vendors. Those small business had to quietly just... go away. I think it will be the same for a lot of small biz owners through this, but on a massive scale.

The lockdowns will do vastly more damage than the virus.

It turns out the virus is less deadly than virologists originally thought.

https://youtu.be/vrL9QKGQrWk

Exactly as planned. If we don't say no to this stay at home hoax we will all be begging for government help.

I guess some people want this. I rather be independent.

The Japanese people are being herded into the pen for the great ‘reset’