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48 days after its declaration, Japan’s state of emergency came to an end on 25 May. During the state of emergency, economic activities suspended and industrial chains disrupted. Government and Bank of Japan proposed new measures like rent subsidy and expanded loan support in May and June to keep businesses afloat. Download the report here.
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COVID-19 first spread out in China and suspended economic activities of the nation. Having a close economic relationship with China, Japan industries are gradually affected by the outbreak. Government of Japan released the first economic stimulus package in mid-February. As local outbreak happens and situation worsening, government has proposed different measures to contain the spread and secure economy.
10/04/2020