1-month virus emergency extension may cut consumption by 3.6 tril. yen

Economy Society

The one-month extension of the government's latest state of emergency declaration over the coronavirus pandemic covering Tokyo and other parts of Japan could reduce the country's consumption by 3.6 trillion yen ($34 billion), according to an economist. Prime Minister Yoshihide Suga extended the country's second emergency declaration to March 7 on Tuesday, leading Toshihiro Nagahama, chief economist at the Dai-ichi Life Research Institute, to make the estimate. Amid a resurgence of virus infection cases across the country, the emergency extension "has ensured negative growth of the Japanese eco...

Kyodo News

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