China News Service, April 20, according to a report by the Japanese Kyodo News Agency, on the 20th local time, Japanese Foreign Minister Toshiaki Mogi delivered a speech via live webcast. He pointed out that the spread of the New Coronary Pneumonia epidemic has continued worldwide, "(The epidemic) has an extremely serious impact on the international economy and the Japanese economy." The Japanese government plans to adjust the 2020 supplementary budget to increase the total fiscal expenditure to 25.6 trillion yen .
On the evening of April 16, local time, Japanese Prime Minister Shinzo Abe officially announced that he would extend the scope of the "Declaration of Emergency" to the entire territory of Japan, and will last until May 6.
According to reports, Mogi emphasized the significance of the government's emergency economic countermeasures, and said it would step up measures for capital turnover for SMEs to continue their business. In addition, because the government has decided to issue 100,000 yen to all citizens, it is planned to set a total fiscal expenditure of 25.6 trillion yen. This is an increase of approximately 8.88 trillion yen from the budget decided on the 7th.
Earlier, the Japanese cabinet meeting passed an emergency economic countermeasure totaling 108 trillion yen on April 7. Currently, the scale of emergency economic countermeasures is 117.1 trillion yen.
Regarding Japan's response in the early stage of the epidemic, Moteki recalled: "The problem of cruise ships (collectively infected) has attracted attention, and the expansion of the domestic epidemic has not received enough vigilance."
In addition, Japan ’s unemployment rate may increase to 2.72% in the fourth quarter, an increase of 1.56 million from the same period last year. As a result, Japan ’s economic situation may be worse than during the 2008-2009 crisis.