China News Service, August 26. According to Japan’s "Oriental Newspaper" report, on the 25th, Japan’s Minister of Economic Rebirth Yasuhiro Nishimura announced an economic recovery target, planning to increase Japan’s GDP by March 2022 ( GDP) has returned to the level before the outbreak of the new crown.
On August 16, local time, due to the continued spread of the epidemic, there were few people on the streets of Tokyo, Japan. Photo by China News Agency reporter Lu Shaowei
According to reports, Nishimura stated that “finding a new business model will enable the economy to return to the growth track”. He believes that in order to achieve the goal of GDP recovery, it is necessary to accelerate the development of a digital economy.
However, the Japanese people's prediction of the country's economic prospects is relatively pessimistic. Private think tanks estimate that Japan's GDP will not be able to return to the level of 2019 before March 2023.
On August 17, Japan’s Cabinet Office released the second-quarter GDP quick report, showing that Japan’s actual GDP fell by 7.8% compared to the previous quarter, and it dropped by 27.8% year-on-year, which was the biggest drop since World War II.