China and South Korea Immigration Experts Small businesses are the worst March 18 at 18:15
Toshihiro Nagahama of the Dai-ichi Life Economic Research Institute says that the government has set new border measures, such as requesting visitors from China and Korea to wait for two weeks at designated locations to prevent the spread of the new coronavirus. "The consumption of tourists from China and South Korea accounts for more than 40% of the total inbound tourism, which has a significant impact on consumption," said the chief economist.
He added, "If this measure is prolonged and will continue until around June, this inbound consumption alone may reduce the forecast by more than 1 trillion yen."
He said of the measures needed in the future: "Independently owned and small businesses that regularly procure products in China and South Korea and procure products and sell them domestically suffer the most serious damage, We need strong financial support to stop bankruptcies in the travel and service industries, with the expectation that demand may recover sharply after the situation has subsided. " did.
On the other hand, as the stock prices in the world's major stock markets continue to plummet, `` The United States, which has been pulling the world economy, was said to be focusing on border measures, but nevertheless the infection has spread. The expansion is a significant shock for market players, which has caused the stock price to plummet, and how this will affect the global economy and corporate performance is unclear. In the meantime, funds suddenly flowed into the U.S. government bond market, which was considered a safe asset, and interest rates in the United States declined and the yen appreciated against the dollar.This also led to a sharp fall in Japanese stocks. " doing.