COVID-19 variants could drive economic hit on Tokyo up by 4 tril. yen

Economy Society

University of Tokyo economists estimate the Japanese capital could see an additional 4 trillion yen ($36 billion) economic hit if highly contagious coronavirus variants spread quickly across the city, but says the impact can be mitigated if infections are slowed. A relatively speedy spread of mutations in Tokyo could leave the capital dealing with over 1,400 daily infections in May -- up from around 500 seen in early April -- an increase that would make variants a major source of new COVID-19 infections by around July, the estimate shows. Such a scenario would expand an economic loss in Tokyo ...

Kyodo News

Kyodo News Society