KAS Japan Weekly COVID-19 Updates

12 May 2020

GOJ extended the state of emergency to the end of May. As the Golden Week (Japanese national holidays in early May) ended, discussions on exit strategy has become active in the politcs. GOJ is likely to remove the state of emergency off from 34 prefectures. The infected cases has fallen to 100 or less in the past days. GOJ's criteria for lifting the state of emergency are: (1) Situations of infected cases in each prefecture (2) Situations of prefectural medical system (3) Function of monitoring system. Nikkei poll found 55% of the respondents were not in favor of GOJ's measures to Covid-19, 11 percentage points down from the previous one.

KAS Japan Weekly COVID-19 Updates

28 April 2020

On April 27th, the Government of Japan finally submits emergency economic package to the National Diet. Japanese economy will keep facing economic challenges. Further measures to be taken by the country. Key messages include: 1) The Bank of Japan made a fiscally bold decision to abolish its cap to buy national bonds. 2) Political parties are figuring out how to fund rent expenses for SMEs. The oppositions are steps ahead. 3) The Government further upgrades its financial support to SMEs by paying practically 100% of leave allowances under certain conditions.

KAS Japan Weekly COVID-19 Updates

21 April 2020

Government of Japan last week extended a state of emergency to all over the country and has made a major change to emergency economic package. Key messages include: 1. GOJ will pay JPY 100,000 to all citizens in the country instead of JPY 300,000 to families in financial difficulties. 2. Komeito, LDP's junior coalition partner strongly pressured PM Abe to change the plan. Usually, budgets stay as they are once approved by Cabinet. 3. This development was unusual and has cast shadow over PM's clout and leadership.

KAS Japan Weekly COVID-19 Updates

8 April 2020

Prime Minister Shinzo Abe declared a state of emergency in response to the COVID-19 pandemic on 7 April 2020. An economic package of amounting to JPY 108 trillion was prepared to cushion the economic fallout. Watch the video to learn more!

KAS Japan Weekly COVID-19 Updates

14 April 2020

The Bank of Japan (BOJ) survey finds that business sentiments of large enterprises in the manufacturing industry fell to minus 8 points (-8). The Cabinet Office abandons the hope of recovery in their March 2020 report and admits that the Japanese economy is in a severe situation, the worse state in the last seven years. A high probability of negative GDP growth is projected by the Nomura Research Institute for the second quarter (April to June) of 2020.

KAS Japan Weekly COVID-19 Updates

Updates on the latest economic outlook for developing Asia

Growth will slowdown to 2.2% while inflation will rise to 3.2% in 2020 due to the COVID-19 pandemic. No country will escape the economic impact of the pandemic but more open, trade and tourism-dependent countries will be hit the hardest. The economic impact may spillover to the rest of the economy and trigger a financial crisis if governments fail to take quick and decisive policy actions.

KAS Japan Weekly Updates

Economic uncertainty amidst the COVID-19 pandemic

Economic uncertainty surged to a record high in the first quarter of 2020. The level of uncertainty associated with the COVID-19 pandemic is remarkably high compared to other outbreaks such as SARS and Ebola. Japan and India registered the highest levels of economic uncertainty in Asia. Addressing economic uncertainty requires coordinated action to restore confidence in and provide stability to the global economy.

KAS Japan Weekly COVID-19 Updates

Economic consequences of COVID-19 on the Japanese and Asian economies

Introducing the weekly updates on the economic consequences of COVID-19 in Japan and Asia. Stay tuned!

SOPAS Inception Workshop and Program Launch

The Social Economic Policies Asia (SOPAS) is a regional forum that contributes to the debate and reform of economic and governance models in Asia. It brings together a network of policy makers, economists, political analysts and thought leaders across Asia-Pacific to discuss emerging issues, propose policy alternatives and share best practices. For the 2020-2022 cycle, SOPAS will focus on three strategic areas: (1) advancing female leadership, (2) free trade consolidation, and (3) the future of work. The programme will primarily work with the following countries: (1) India, (2) Japan, (3) Singapore, (4) South Korea, (5) Taiwan, and (6) Viet Nam. The series of workshops conducted over a day, aim to establish partnerships with key regional stakeholders and jointly identify and define the themes covered and possible areas for cooperation under SOPAS’ three strategic areas. At the end of the workshops, a working framework for the program’s 2020-2022 implementation will have been created and agreed upon.

Japan und Südostasien

Aktuelle Fragen der japanischen Außenpolitik in der Ära globaler Herausforderungen und Veränderungen

In Kooperation mit dem Center for Southeast Asian Studies (CSEAS) der Universität Kyoto hat die KAS einen internationalen Workshop zu Fragen außenpolitischer Maßnahmen Japans in Südostasien ausgerichtet. Insbesondere Fragen und Probleme der Migration werden künftig auch in Ostasien eine größere Rolle spielen. Vor dem Hintergrund der transformatorischen Dynamiken in der Region, der geopolitischen Umbrüche und Trends zu mehr Protektion und Handelshemmnissen konnten die Wichtigkeit regionaler Integrationsprozesse und -mechanismen vor Augen geführt werden.

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