Regarding the impact of this state of emergency on the Japanese economy, four companies, including private think tanks, have announced a series of estimates that GDP = gross domestic product will be reduced by more than 300 billion yen to 690 billion yen.
Of these, Mizuho Securities will increase its annual GDP by about 400 billion yen from the 25th to the 11th of next month if a state of emergency is declared for the four prefectures of Tokyo, Osaka, Hyogo, and Kyoto. And push it down by 0.1%.
This is because personal consumption is expected to decline due to refraining from going out during the Golden Week holidays, requesting closures to large commercial facilities such as department stores, and shortening the business hours of restaurants.
For the same reason, Daiichi Seimei Keizai Kenkyusho estimates that it will reduce annual GDP by 446 billion yen.
Daiwa Institute of Research estimates that it will reduce GDP by about 300 billion yen during the declaration period, or about 600 billion yen per month.
Furthermore, Nomura Research Institute estimates that the amount of economic loss during the declaration period will amount to 419 billion yen, including 411 billion yen in Tokyo and 288 billion yen in the three Kansai prefectures, reducing annual GDP by 0.13%. ..
Nomura Research Institute Executive Economist Takahide Kiuchi said, "Although control of infection requires fairly strong measures, the government will expand the scope and scope of financial support in parallel with expanding the scope of regulation. That is urgently required. "