China News Service, August 3, According to the Japan Broadcasting Association (NHK) report on the 3rd, recently, the Japanese Cabinet Office released data showing that the country’s gross domestic product (GDP) from January to March 2020 has shrunk at an annual rate. 2.2%.
Data map: During the epidemic, a shopping mall in Tokyo, Japan posted a notice to shorten and adjust business hours. Photo by China News Agency reporter Lu Shaowei
According to reports, this data is the latest statistics of the Cabinet Office. Excluding factors such as price changes, the actual GDP decreased by 0.6% from the previous quarter. On an annual basis, the GDP decline in the first quarter was 2.22%, a slight improvement from the "2.24% drop" released in June.
According to reports, the Cabinet Office plans to release the GDP quick report for April to June 2020 on August 17. Some private survey companies predict that due to the impact of emergency declarations, GDP calculated at an annual rate will shrink by more than 20%, and the shrinkage will exceed the data during the Lehman crisis, setting a new high.
The new crown epidemic in Japan appeared in January 2020. Since the end of March, the infection has been increasing. The Japanese government announced a national emergency on April 16. Various shops have shortened their business hours or even closed their businesses. After the economy has stabilized due to the epidemic, The Japanese government announced on May 25 that the nationwide state of emergency was lifted.
However, since mid-June, the epidemic in Japan has rebounded significantly. As of 17:00 on July 31, local time, a total of 374 companies in Japan have encountered operational difficulties due to the new crown epidemic, and 310 of them have gone bankrupt.