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KAS Japan COVID-19 Weekly Updates

ILO: Uncertain and incomplete labor market recovery

The International Labour Organization (ILO) warns of an uncertain and incomplete labor market recovery as the job crisis brought about by COVID-19 deepens. The ILO’s latest analysis released last June 30, 2020 finds that COVID19’s impact on work is more severe than previously anticipated.

KAS Japan Weekly COVID-19 Updates

7 July

Last Sunday (July 5) the sitting Tokyo Governor Yuriko Koike won the election by a large margin, however she’ll have bumpy roads ahead. Key messages include: 1. Covid-19 is again on rise notably in Tokyo. Big portions are those who work in the night life districts. A quick and effective measure is urgent. 2. Cost sharing issue on Tokyo Olympic Games postponement will be a headache. In any case, Tokyo will see a major decline in tax revenues and will probably be forced to issue bonds. 3. PM Abe may be lured to go for a snap election. Watch the video to learn more!

KAS Japan COVID-19 Weekly Updates

Updated IMF projections; bigger economic contraction than anticipated

The IMF provided downward revisions to their earlier estimates as COVID-19 has had a more negative impact in the first half of the year as anticipated.

KAS Japan Weekly COVID-19 Updates

30 June

Tokyo’s population reached 14 million as of May 1. But the rise in April went down compared to the previous months. Covid-19 is nudging people in big cities to consider their place to live. Key messages are: Covid-19 changed people’s perception on living in big cities, as a new risk. Some people have moved or consider moving out of big cities. Companies will be the key in allowing their employees to live wherever they wish under a condition of working from home. Watch the video to learn more!

KAS Japan Weekly COVID-19 Updates

COVID-19 exacerbates gender gap

The social and economic fallout from COVID-19 is disproportionately affecting women.

KAS Japan Weekly COVID-19 Updates

23 June

Covid-19 has played an interesting role in removing unnecessary seal stamping cases in Japanese life and pushed the government to adopt first face to face online medical consultation. Watch the video to learn more!

KAS Japan Weekly COVID-19 Updates

18 June 2020

The IMF warns that the new economic growth projections that will be released on June 24 “will be, very likely, worse than what we had” as Asia faces significant job losses.

KAS Japan Weekly COVID-19 Updates

COVID-19 and Political Economics

Policy responses to the COVID-19 pandemic demonstrate the interconnectedness of politics, economics and other considerations.

KAS Japan COVID-19 Weekly Updates

Sharpest decline in remittances

The World Bank estimates that remittance flows will have the sharpest decline in 2020. Remittances will fall 22.1 % in South Asia and 13% in East Asia and the Pacific.

KAS Japan Weekly COVID-19 Updates

2 June 2020

Discussion on green recovery from Covid-19 is quite active in Europe. Key messages are: 1. It is not an active debate in Japan. 2. A few examples in the economic stimulus package include financial supports to companies that will repatriate their production to Japan under a certain condition; to SMEs that will install high-efficiency ventilation equipment to their restaurants. 3. Green is not a strong voice, generally speaking. Watch the video to learn more!

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