Survey: Percent and Companies

survey: About 36 percent said there will be no change in their employment policy for new graduates and 25 percent said they are undecided, according to The Japan Times. Among sectors with plans to reduce hiring are materials and electronics makers, transport companies and retailers. According to the Kyodo News survey of 111 companies, including Toyota Motor Corp. and Sony Corp., 29 firms, or 26 percent, said they are expected to cut back on hiring fresh graduates starting from April 2021, up from 16 percent in last year's hiring survey. ; Only 10 firms, or 9 percent, said they are planning to increase hiring, down from 21 percent in the previous survey. Those companies as well as those that are undecided said the impact on earnings from the virus is uncertain and they need more time to see how the pandemic will affect the economy. But the survey, conducted from early April to early May, indicates the job market could take a turn for the worse, given that nonessential businesses were pressured to close and people were asked to stay home by the central and prefectural governments. RELATED STORIESJapan economy watcher index sank to record low in April as virus throttled economy Japanese firms in unprecedented crisis due to coronavirus Coronavirus might cost Japan over 1 million jobs, economists say Japan industry groups offer guidance on how to coexist with COVID-19Japan slips into recession, but worst is yet to come For graduating students, job conditions have been favorable in recent years because of a labor shortage caused by the nation's rapidly graying society. (news.financializer.com). As reported in the news.