Japan has been hesitant to take action in order for the consumption to be the driver, because the country is afraid of, is this a second outbreak of the COVID-19, to produce, say, the Japanese minister for Economic and financial Affairs, Yasutoshi Nishimura on Monday.
as He did in the final economic figures for the first quarter of the year. It turns out that the Japanese economy in the first three months of this year, with a 2.2 per cent contraction on an annual basis. That's more than a contraction of 3.4 per cent, which, on the basis of the provisional figures were announced.
"We're not yet at a stage is reached in which the consumption is to encourage people and to want to pass a lot of to travel. Efforts to boost spending have to wait a little longer," said the minister.
in Japan, and ended up in the first quarter of a recession, as the economy in the fourth quarter of 2019 and all of it was pre-shrunk.
finally, There is the fact that the Olympic Games in Japan will not be able to continue. That has been moved to 2021.
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