A monthlong state of emergency planned by the Japanese government to contain a resurgence of novel coronavirus infections is expected to knock trillions of yen off private consumption, with some economists predicting the economy will return to contraction.
Expected economic impacts of a state of emergency in Tokyo and
"The situation has been getting worse, and if the areas and the period of the declaration are extended, the percentage of the GDP shrinkage in the current quarter could be a double-digit one,"
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