Further complicating the economic picture for 2021, Japan has been slow to start vaccinations
Japanâs economy rebounded sharply in the last three months of 2020, government data showed Monday, extending its recovery from the coronavirusâ devastating effect in the first half of the year.
But the growth was fragile and could be easily disrupted, analysts warned, at least in the short term. A second state of emergency declared at the end of last year is likely to drag the economy down again, and â as with many countries â it will most likely take years for certain business sectors, such as tourism, and consumer confidence to recover.
Japan's economic growth likely moderated in October-December after rebounding from its worst postwar recession earlier in 2020, a Reuters poll showed, a sign households and companies have yet to recover from the coronavirus pandemic's huge hit.
[TOKYO] Japan's economic growth likely moderated in October-December after rebounding from its worst postwar recession earlier in 2020, a Reuters poll showed, a sign households and companies have yet to recover from the coronavirus pandemic's huge hit. Read more at The Business Times.
Japan sees steep population drop as pandemic keeps foreigners away Japan s population shrank by a record 420,000 people last year, government estimates show, as the coronavirus pandemic dealt a heavy blow to an influx of foreign workers that had helped offset the country s ongoing natural population decline.
The total fell for a 12th straight year, shattering the previous record of 329,000 set just a year earlier. The health ministry estimates Japan s population at 125.57 million as of Jan. 1, based on confirmed data through July and estimates based on births, deaths and foreign arrival and departure data.
The drop owes in large part to a 60% plunge in foreign arrivals that has kept the labor market tight even though the pandemic has slowed the economy and eliminated many jobs.