日本第2四半期のGDPはパンデミックの中で記録的な27.8％に縮小

Japan's 2nd-quarter GDP shrinks at record 27.8% amid pandemic

The Japanese government claims that in the period from April to June, the Japanese economy experienced a decline of up to 27.8%. This sharp decline was caused by economic activity which was quite limited by the government due to the coronavirus outbreak that was attacking the world, especially Japan.

The government uses comparative economic data before entering in the period April to June. However, they also claimed that the Japanese economy had also fallen since the tensions between China and America regarding trade.

Local governments asked residents to stay at home and nonessential businesses to suspend operations under the emergency declaration, which was first issued on April 7 for Tokyo and six other prefectures and for the entire nation later. It was lifted for all 47 prefectures by late May

Many analysts predicted that Japan's economy will rebound by over 10 percent in the July-September period from the current quarter in real terms on an annualized basis, given the economic activity after the end of the virus emergency.

Yasutoshi Nishimura, Minister of Economy of Japan, told a press conference that the "severe outcome" was due to the state of emergency, he said, "We'll get the economy back on a growth track from rock bottom in April and May, led by domestic demand. "

Source: https://mainichi.jp/english/articles/20200817/p2g/00m/0bu/036000c