Finance Minister Aso “Secondary amendment will be organized promptly” GDP for the second consecutive quarter minus 10:23 on May 19th
For the second consecutive term of negative GDP from January to March, Deputy Prime Minister Aso and the Minister of Finance said that the economic situation will continue to be severe for the time being due to factors such as refraining from going out. He suggested that the budget plan should be promptly organized to ensure the maintenance of employment and support of daily life.
Since it was announced on the 18th, the preliminary figures for GDP from January to March show that the real growth rate excluding price fluctuations will be minus 3.4% annually, which is a significant drop due to the increase in the consumption tax rate and so on. It became negative for the second consecutive term following October to December last year.
Regarding this, Deputy Prime Minister and Finance Minister Aso said at a press conference, "The result is a result of a difficult economic situation, such as a decrease in personal consumption due to refraining from going out and a decrease in exports due to the global economic slowdown. Of course, the monthly GDP will also be tough. "
In addition, “In addition to the first supplementary budget that is being executed, we will promptly formulate the second supplementary budget to strengthen it, and will make every effort to achieve early convergence. I would like to respond to the recovery speed as soon as I hit, "he said, saying that he will make every possible effort to maintain employment and support life.