With the increasing number of confirmed cases, the
Japanese government declared a state of emergency in April and implemented strict public health measures. first case reported : 15 January 2020 Number of confirmed cases : 96599 Deaths : 1710 Recovered cases : 88138 Impact on JAPANESE ECONOMY
Japan's economy shrank at an annual rate of 27.8% in April-
June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade. The Cabinet Office reported that Japan's preliminary seasonally adjusted real gross domestic product, or GDP, the sum of a nation's goods and services, fell 7.8% quarter on quarter. The economy shrank 0.6% in the January-March period, and contracted 1.8% in the October-December period last year, meaning that Japan slipped into recession in the first quarter of this year. Japanese economic growth was flat in July- September. COVID-19 IMPACT ON CORPORATE ACTIVITIES IN MANUFACTURING INDUSTRY JAPAN 2020: COVID-19 impact on corporate activities in manufacturing industry Japan 2020
Approximately 83 percent of business enterprises in
the manufacturing industry stated that they already experienced an impact of the coronavirus (COVID-19) pandemic on their corporate activities. An additional of around 14 percent were concerned about possible impacts in the future. The ratio of already affected companies increased by nearly 57 percent. Japan, however, has never enforced a lockdown with penalties, even when a Japan’s national state of emergency was COVID-19 declared . Measures : The government “requested” that people refrain from going out and that restaurants and bars suspend their business, without ever forcing them to close down.
The widespread use of face masks
appears to have slowed down the spread of COVID-19 in Japan.