Population change in July compared to those "before Corona"
Demand is gradually recovering for domestic flight and shinkansen travels, but the pace of recovery is slow. The number of shinkansen reservations during the Obon period, announced today, showed a yoy decline of some 80%. The slump in long-distance routes is similar everywhere, while short-distance movement by people differs significantly by region. In Japan it is in and around Tokyo station that movement has decreased most sharply compared with the pre-COVID-19 era.
Growth in door-to-door delivery volumes did not slow in June. The strong demand clearly stems mainly from the temporary needs of consumers staying at home. However, as first-time Internet shoppers have joined the market, the breadth of the market may have increased. The marine transport market is generally brisk as well. Container shipping rates remain at the highest level in the past ten years, due to appropriate supply adjustments by shipping companies. Dry bulker rates are also at a high level, on the back of production recovery in China.