Regarding the impact of the extension of the period of emergency declaration and the expansion of the target area on the Japanese economy, private think tanks and securities companies have compiled a new estimate that GDP = gross domestic product will be reduced by about 350 billion yen to 1 trillion yen. It was.
Mizuho Securities estimates that if the period of emergency declaration is extended to 31st of this month and the target area is expanded to six prefectures, the annual GDP will be reduced by 600 billion yen.
In addition, it is estimated that the annual GDP will be reduced by about 1 trillion yen, or 0.2%, during the entire declaration period from the 25th of last month to the 31st of this month.
The area subject to the declaration accounts for more than 40% of GDP, and personal consumption is declining, so the economic loss is expected to be concentrated in the service industry and the restaurant industry, which are subject to restrictions on sales activities such as shortened business hours. ..
In addition, Daiichi Seimei Keizai Kenkyusho estimates that the extension of the declaration period and the expansion of the target area will push down GDP by more than 350 billion yen and Nomura Research Institute by more than 1.6 trillion yen. ..
Mizuho Securities Chief Economist Shunsuke Kobayashi points out that "the food service industry and the service industry have a lot of employment while having a small management strength. Support to maintain the employment of employees is also required."