Japan's refiners facing stagnant market may cut capacity

TOKYO (Reuters) - Japanese refineries may be forced to shut down capacity once again unless they see a strong recovery from the coronavirus pandemic.They've been hit by declining use for fuel at home, competition from newer refineries in China and South Korea dominating in other markets, as well.Idemitsu Kosan on Tuesday reported an annual loss, like its competitors have done in recent days.Executive Officer Noriaki Sakai said Japan's second-biggest refiner expected fuel sales to fall 30% in..