KAS Japan Weekly COVID-19 Updates - Auslandsbüro Japan / Regionalprogramm Soziale Ordnungspolitik in Asien (SOPAS)
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Key messages include:
1. Mass unemployment seems to be the new normal. Japan loses one million job from the pandemic, surpassing those from the 2008 global financial crisis. India currently faces record high unemployment as bleak market perspectives and massive layoffs destroy the workforce.
2. Policy action should include social welfare support for the unemployed as well as complementary government support to enterprises facing difficulties.