Job offers to new graduates in Japan fall sharply on pandemic

Japanese companies have been cutting job offers to new graduates at the fastest pace in more than a decade, a government survey showed Tuesday, as the coronavirus pandemic has forced firms into thorough efforts to reduce costs.As of Oct. 1, 69.8 percent of university students who will graduate next spring have received job offers, down 7.0 points from a year earlier. It was the sharpest fall since 2009 when the rate dropped 7.4 points amid the global financial crisis, according to the joint survey by the education and labor ministries.It is the first time in five years that the ratio has fa…READ FULL ARTICLE